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

Key Points

• Short interest surged 61.5% in July to 7.51 million shares, representing approximately 24.3% of MSFU’s shares outstanding. The short-interest ratio stood at 0.9 days based on average daily trading volume.
• MSFU shares fell 6.2% to $35.12, with a market capitalization of approximately $1.09 billion and a 52-week trading range of $19.47 to $58.89.
• Several institutional investors increased or initiated positions in the fund, while MSFU also paid a quarterly dividend of $0.1438 per share, equivalent to an annualized yield of about 1.6%.

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. Based on an average daily trading volume, of 8,390,053 shares, the short-interest ratio is currently 0.9 days. Approximately 24.3% of the company's shares are short sold.

Hedge Funds Weigh In On Direxion Daily MSFT Bull 2X Shares

Large investors have recently bought and sold shares of the stock. Group One Trading LLC lifted its position in Direxion Daily MSFT Bull 2X Shares by 14.6% during the 4th quarter. Group One Trading LLC now owns 3,011 shares of the company's stock worth $125,000 after acquiring an additional 384 shares in the last quarter. SOA Wealth Advisors LLC. lifted its position in shares of Direxion Daily MSFT Bull 2X Shares by 147.3% during the first 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 in the last quarter. Parallel Advisors LLC boosted its stake in shares of Direxion Daily MSFT Bull 2X Shares by 167.4% in the fourth quarter. Parallel Advisors LLC now owns 1,725 shares of the company's stock valued at $72,000 after purchasing an additional 1,080 shares during the period. Safe Harbor Fiduciary LLC purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares in the fourth quarter valued at $132,000. Finally, Flow Traders U.S. LLC acquired a new stake in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter valued at $207,000.

Direxion Daily MSFT Bull 2X Shares Trading Down 6.2%

Shares of NASDAQ MSFU traded down $2.33 on Monday, reaching $35.12. 3,071,659 shares of the company traded hands, compared to its average volume of 6,112,910. The stock has a market capitalization of $1.09 billion, a PE 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. The company has a 50 day moving average of $26.93 and a 200 day moving average of $27.54.

Direxion Daily MSFT Bull 2X Shares Dividend Announcement

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

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.

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