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

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) was the recipient of a large increase in short interest during 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. Currently, 24.3% of the shares of the company are short sold. Based on an average trading volume of 8,390,053 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of Direxion Daily MSFT Bull 2X Shares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC lifted its stake in shares of Direxion Daily MSFT Bull 2X Shares by 31.9% in the second quarter. Jane Street Group LLC now owns 41,129 shares of the company’s stock valued at $2,043,000 after buying an additional 9,945 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the first quarter valued at approximately $927,000. Virtu Financial LLC acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares in the fourth quarter valued at $819,000. Harvest Fund Management Co. Ltd bought a new position in Direxion Daily MSFT Bull 2X Shares in the third quarter worth $717,000. Finally, Group One Trading LLC boosted its stake in 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 worth $314,000 after buying an additional 10,645 shares in the last quarter.

Direxion Daily MSFT Bull 2X Shares Stock Performance

Shares of NASDAQ:MSFU traded up $0.25 during midday trading on Wednesday, hitting $35.64. The company’s stock had a trading volume of 1,469,252 shares, compared to its average volume of 6,061,520. The stock’s 50 day simple moving average is $27.26 and its 200 day simple moving average is $27.47. 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 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $0.1438 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.58 dividend on an annualized basis and a yield of 1.6%.

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.