Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - Get Free Report) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 198,300 shares, a drop of 64.8% from the April 30th total of 562,900 shares. Approximately 6.2% of the shares of the company are sold short. Based on an average daily trading volume, of 563,300 shares, the days-to-cover ratio is presently 0.4 days.
Direxion Daily MSFT Bull 2X Shares Price Performance
NASDAQ:MSFU traded down $0.01 during midday trading on Friday, reaching $42.95. The stock had a trading volume of 372,768 shares, compared to its average volume of 493,737. Direxion Daily MSFT Bull 2X Shares has a 1-year low of $25.06 and a 1-year high of $54.39. The firm's fifty day simple moving average is $34.90 and its 200-day simple moving average is $37.62. The stock has a market capitalization of $137.44 million, a P/E ratio of 37.67 and a beta of 1.44.
Direxion Daily MSFT Bull 2X Shares Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a $0.2456 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Tuesday, March 25th.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in MSFU. PayPay Securities Corp acquired a new stake in Direxion Daily MSFT Bull 2X Shares in the fourth quarter valued at $31,000. SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 4th quarter worth about $267,000. TRUE Private Wealth Advisors lifted its stake in shares of Direxion Daily MSFT Bull 2X Shares by 7.5% during the 4th quarter. TRUE Private Wealth Advisors now owns 40,255 shares of the company's stock worth $1,589,000 after buying an additional 2,793 shares during the last quarter. Optiver Holding B.V. lifted its stake in shares of Direxion Daily MSFT Bull 2X Shares by 2,298.0% during the 4th quarter. Optiver Holding B.V. now owns 33,093 shares of the company's stock worth $1,307,000 after buying an additional 31,713 shares during the last quarter. Finally, Simplex Trading LLC lifted its stake in shares of Direxion Daily MSFT Bull 2X Shares by 133.0% during the 1st quarter. Simplex Trading LLC now owns 13,030 shares of the company's stock worth $388,000 after buying an additional 7,437 shares during the last quarter.
About Direxion Daily MSFT Bull 2X Shares
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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.
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