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

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 7,507,187 shares, an increase of 61.5% from the July 15th total of 4,647,548 shares. Based on an average daily volume of 8,390,053 shares, the short-interest ratio is currently 0.9 days. Approximately 24.3% of the company’s stock are short sold.

Direxion Daily MSFT Bull 2X Shares Stock Performance

Shares of MSFU stock traded down $2.33 during mid-day trading on Monday, reaching $35.12. 3,071,659 shares of the company were exchanged, compared to its average volume of 6,112,910. The business’s 50 day simple moving average is $26.93 and its 200 day simple moving average is $27.54. The company has a market capitalization of $1.09 billion, a P/E ratio of 42.77 and a beta of 1.89. Direxion Daily MSFT Bull 2X Shares has a fifty-two week low of $19.47 and a fifty-two week high of $58.89.

Direxion Daily MSFT Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.1438 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, June 23rd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MSFU. Renaissance Technologies LLC bought a new stake in Direxion Daily MSFT Bull 2X Shares in the first quarter valued at $927,000. Parallel Advisors LLC raised its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 296.5% during the first quarter. Parallel Advisors LLC now owns 6,840 shares of the company’s stock valued at $157,000 after buying an additional 5,115 shares during the last quarter. Group One Trading LLC raised its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 353.5% during the first quarter. Group One Trading LLC now owns 13,656 shares of the company’s stock valued at $314,000 after buying an additional 10,645 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares during the fourth quarter worth approximately $819,000. Finally, StoneX Group Inc. bought a new position in Direxion Daily MSFT Bull 2X Shares in the 4th quarter worth approximately $207,000.

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.