Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Short Interest Up 21.0% in August

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 81,400 shares, a growth of 21.0% from the August 15th total of 67,300 shares. Based on an average daily volume of 317,000 shares, the days-to-cover ratio is presently 0.3 days.

Direxion Daily MSFT Bull 2X Shares Stock Up 1.7 %

Shares of MSFU traded up $0.77 during trading on Tuesday, reaching $45.70. The company’s stock had a trading volume of 417,813 shares, compared to its average volume of 257,061. The company has a market cap of $105.11 million, a price-to-earnings ratio of 43.52 and a beta of -2.33. The company has a fifty day moving average of $43.66 and a two-hundred day moving average of $45.19. Direxion Daily MSFT Bull 2X Shares has a twelve month low of $30.31 and a twelve month high of $54.39.

Direxion Daily MSFT Bull 2X Shares Dividend Announcement

The business also recently disclosed 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 3.25%. The ex-dividend date was Tuesday, June 25th.

Institutional Investors Weigh In On Direxion Daily MSFT Bull 2X Shares

Institutional investors have recently modified their holdings of the stock. Elevatus Welath Management acquired a new position in Direxion Daily MSFT Bull 2X Shares in the first quarter worth about $6,939,000. TRUE Private Wealth Advisors boosted its holdings in 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 purchasing an additional 495 shares during the period. Capital CS Group LLC acquired a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the second quarter worth $314,000. Client First Investment Management LLC bought a new position in shares of Direxion Daily MSFT Bull 2X Shares in the 2nd quarter worth about $291,000. Finally, Virtu Financial LLC acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares in the 1st quarter valued at about $240,000.

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.