Short Interest in Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Grows By 61.5%

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) saw a significant increase in short interest in the month of 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. Approximately 24.3% of the company’s shares are short sold. Based on an average daily volume of 8,390,053 shares, the short-interest ratio is currently 0.9 days.

Direxion Daily MSFT Bull 2X Shares Price Performance

MSFU traded up $0.17 during midday trading on Tuesday, reaching $35.39. 2,514,088 shares of the company’s stock traded hands, compared to its average volume of 6,092,288. Direxion Daily MSFT Bull 2X Shares has a 52 week low of $19.47 and a 52 week high of $58.89. The firm has a fifty day moving average of $27.08 and a two-hundred day moving average of $27.50. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 42.77 and a beta of 1.89.

Direxion Daily MSFT Bull 2X Shares Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MSFU. SOA Wealth Advisors LLC. lifted its position in shares of Direxion Daily MSFT Bull 2X Shares by 147.3% in the 1st quarter. SOA Wealth Advisors LLC. now owns 1,679 shares of the company’s stock worth $39,000 after purchasing an additional 1,000 shares during the period. Parallel Advisors LLC increased its position in shares of Direxion Daily MSFT Bull 2X Shares by 167.4% during the fourth quarter. Parallel Advisors LLC now owns 1,725 shares of the company’s stock valued at $72,000 after buying an additional 1,080 shares during the period. Group One Trading LLC raised its stake in Direxion Daily MSFT Bull 2X Shares by 14.6% in the fourth quarter. Group One Trading LLC now owns 3,011 shares of the company’s stock worth $125,000 after buying an additional 384 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new position in Direxion Daily MSFT Bull 2X Shares in the fourth quarter worth about $132,000. Finally, StoneX Group Inc. bought a new position in Direxion Daily MSFT Bull 2X Shares in the fourth quarter worth about $207,000.

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.