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 in the month of March. As of March 15th, there was short interest totalling 533,100 shares, an increase of 23.7% from the February 28th total of 430,900 shares. Approximately 10.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 699,400 shares, the days-to-cover ratio is currently 0.8 days.

Direxion Daily MSFT Bull 2X Shares Trading Up 3.8 %

MSFU stock traded up $1.12 during trading hours on Tuesday, hitting $30.94. 393,044 shares of the stock traded hands, compared to its average volume of 436,777. The stock has a 50-day simple moving average of $35.35 and a 200 day simple moving average of $39.79. The company has a market cap of $102.10 million, a P/E ratio of 32.72 and a beta of -2.33. Direxion Daily MSFT Bull 2X Shares has a one year low of $28.59 and a one year high of $54.39.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.2456 per share. The ex-dividend date is Tuesday, March 25th. This represents a $0.98 annualized dividend and a dividend yield of 3.17%.

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

Several hedge funds have recently made changes to their positions in the business. Optiver Holding B.V. lifted its stake in Direxion Daily MSFT Bull 2X Shares by 2,298.0% during 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 during the last quarter. TRUE Private Wealth Advisors increased its holdings in shares of 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 buying an additional 2,793 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 4th quarter valued at $267,000. PayPay Securities Corp bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 4th quarter worth $31,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares in the 3rd quarter worth $1,191,000.

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.