Short Interest in Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Increases By 53.7%

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 98,800 shares, a growth of 53.7% from the June 30th total of 64,300 shares. Based on an average daily trading volume, of 249,200 shares, the days-to-cover ratio is presently 0.4 days.

Direxion Daily MSFT Bull 2X Shares Trading Up 3.3 %

NASDAQ MSFU traded up $1.42 during trading hours on Friday, hitting $44.48. 523,138 shares of the company’s stock traded hands, compared to its average volume of 233,335. The business’s fifty day moving average price is $48.55 and its two-hundred day moving average price is $45.66. The firm has a market capitalization of $95.63 million, a P/E ratio of 43.52 and a beta of -2.33. Direxion Daily MSFT Bull 2X Shares has a 52 week low of $30.31 and a 52 week high of $54.39.

Direxion Daily MSFT Bull 2X Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 25th were issued a dividend of $0.3713 per share. This represents a $1.49 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Tuesday, June 25th.

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

Several large investors have recently added to or reduced their stakes in MSFU. Capital CS Group LLC purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares in the second quarter worth $314,000. Virtu Financial LLC purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares in the first quarter worth $240,000. Elevatus Welath Management purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares in the first quarter worth $6,939,000. Finally, TRUE Private Wealth Advisors lifted its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 1.3% in the first quarter. TRUE Private Wealth Advisors now owns 38,477 shares of the company’s stock worth $1,762,000 after buying an additional 495 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.