Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Sees Large Growth in Short Interest

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 190,200 shares, a growth of 60.0% from the November 30th total of 118,900 shares. Based on an average trading volume of 471,600 shares, the days-to-cover ratio is currently 0.4 days.

Direxion Daily MSFT Bull 2X Shares Trading Down 3.5 %

Shares of NASDAQ MSFU opened at $41.27 on Monday. Direxion Daily MSFT Bull 2X Shares has a 12-month low of $36.29 and a 12-month high of $54.39. The stock has a market cap of $127.11 million, a P/E ratio of 43.52 and a beta of -2.33. The business’s fifty day simple moving average is $42.71 and its 200-day simple moving average is $44.17.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be paid a $0.4026 dividend. The ex-dividend date is Monday, December 23rd.

Hedge Funds Weigh In On Direxion Daily MSFT Bull 2X Shares

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hollencrest Capital Management purchased a new position in Direxion Daily MSFT Bull 2X Shares in the second quarter worth approximately $50,000. Client First Investment Management LLC purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 2nd quarter worth $291,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 3rd quarter worth $1,191,000.

About Direxion Daily MSFT Bull 2X Shares

The Direxion Daily MSFT Bull 1.5X Shares ETF (MSFU) is an exchange-traded fund that is based on the Microsoft Corporation index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Microsoft stock. MSFU was launched on Sep 7, 2022 and is managed by Direxion.