Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Short Interest Update

Key Points

• Short Interest Growth: Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) experienced a 22.8% increase in short interest in August, totaling 307,000 shares, which represents approximately 12.0% of its outstanding shares.
• Recent Institutional Activity: Several hedge funds have made significant investments in MSFU, with notable purchases from Jane Street Group LLC and Two Sigma Securities LLC, indicating growing institutional interest in the stock.
• Dividend Increase: The company recently raised its quarterly dividend to $0.3739 per share, translating to an annualized yield of 3.0%, a notable increase from its previous dividend of $0.25.

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 307,000 shares, a growth of 22.8% from the August 15th total of 250,100 shares. Based on an average trading volume of 350,200 shares, the short-interest ratio is presently 0.9 days. Currently, 12.0% of the company's shares are sold short. Currently, 12.0% of the company's shares are sold short. Based on an average trading volume of 350,200 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of Direxion Daily MSFT Bull 2X Shares

A number of institutional investors have recently bought and sold shares of the business. SOA Wealth Advisors LLC. acquired a new stake in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter worth $46,000. SBI Securities Co. Ltd. grew its holdings in Direxion Daily MSFT Bull 2X Shares by 34.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 9,110 shares of the company's stock worth $272,000 after acquiring an additional 2,351 shares during the period. Flow Traders U.S. LLC acquired a new stake in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter worth $207,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter worth $242,000. Finally, Simplex Trading LLC grew its holdings in 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 acquiring an additional 7,437 shares during the period.

Direxion Daily MSFT Bull 2X Shares Stock Performance

MSFU traded down $0.70 during trading on Monday, reaching $51.76. 700,754 shares of the company's stock were exchanged, compared to its average volume of 548,262. The company's fifty day moving average price is $51.90 and its 200-day moving average price is $43.35. Direxion Daily MSFT Bull 2X Shares has a fifty-two week low of $25.06 and a fifty-two week high of $61.16. The firm has a market capitalization of $131.99 million, a PE ratio of 42.77 and a beta of -2.33.

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.