Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Short Interest Down 54.5% in August

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 3,416,027 shares, a decrease of 54.5% from the July 30th total of 7,507,187 shares. Approximately 11.0% of the shares of the stock are sold short. Based on an average daily volume of 5,140,295 shares, the days-to-cover ratio is presently 0.7 days.

Direxion Daily MSFT Bull 2X Shares Price Performance

MSFU stock traded down $0.58 during mid-day trading on Monday, reaching $39.65. 2,312,784 shares of the company’s stock were exchanged, compared to its average volume of 5,912,957. Direxion Daily MSFT Bull 2X Shares has a 12-month low of $19.47 and a 12-month high of $58.89. The stock’s 50 day moving average is $29.28 and its 200 day moving average is $27.88. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 42.77 and a beta of 1.89.

Direxion Daily MSFT Bull 2X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.1438 per share. This represents a $0.58 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MSFU. Renaissance Technologies LLC purchased a new position in Direxion Daily MSFT Bull 2X Shares during the first quarter valued at $927,000. Jane Street Group LLC acquired a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the first quarter valued at about $930,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the fourth quarter worth about $819,000. Turner Financial Group Inc. purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the second quarter worth about $333,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the third quarter worth about $717,000.

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.