Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Short Interest Update

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 430,900 shares, an increase of 17.5% from the February 13th total of 366,700 shares. Based on an average daily trading volume, of 707,400 shares, the short-interest ratio is presently 0.6 days. Currently, 13.1% of the company’s shares are sold short.

Direxion Daily MSFT Bull 2X Shares Trading Down 1.0 %

Shares of MSFU traded down $0.31 on Thursday, reaching $31.98. 175,772 shares of the company’s stock were exchanged, compared to its average volume of 427,808. The stock has a market capitalization of $105.54 million, a P/E ratio of 33.29 and a beta of -2.33. The business has a 50 day moving average price of $36.75 and a two-hundred day moving average price of $40.42. Direxion Daily MSFT Bull 2X Shares has a 12 month low of $30.63 and a 12 month high of $54.39.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.4026 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Direxion Daily MSFT Bull 2X Shares

Institutional investors and hedge funds have recently modified their holdings of the business. PayPay Securities Corp bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the fourth quarter worth approximately $31,000. SBI Securities Co. Ltd. bought a new stake in Direxion Daily MSFT Bull 2X Shares in the fourth quarter valued at approximately $267,000. Flow Traders U.S. LLC bought a new stake in Direxion Daily MSFT Bull 2X Shares in the third quarter valued at approximately $1,191,000. Optiver Holding B.V. increased its stake in Direxion Daily MSFT Bull 2X Shares by 2,298.0% in the fourth quarter. Optiver Holding B.V. now owns 33,093 shares of the company’s stock valued at $1,307,000 after purchasing an additional 31,713 shares in the last quarter. Finally, TRUE Private Wealth Advisors increased its stake in Direxion Daily MSFT Bull 2X Shares by 7.5% in the fourth quarter. TRUE Private Wealth Advisors now owns 40,255 shares of the company’s stock valued at $1,589,000 after purchasing an additional 2,793 shares in the last quarter.

Direxion Daily MSFT Bull 2X Shares Company Profile

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.