Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Short Interest Up 77.9% in July

Key Points

• Short interest in the Direxion Daily MSFT Bull 2X Shares (MSFU) increased by 77.9% in July, rising from 129,900 to 231,100 shares.
• Institutional investors, including SBI Securities Co. Ltd. and Flow Traders U.S. LLC, have recently modified their holdings, demonstrating growing interest in the fund.
• The ETF announced a boosted quarterly dividend of $0.3739, representing an annualized yield of 2.8%, up from its previous quarterly dividend of $0.25.

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - Get Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 231,100 shares, agrowthof77.9% from the July 15th total of 129,900 shares. Based on an average daily volume of 353,200 shares, the short-interest ratio is presently 0.7 days. Approximately9.1% of the shares of the company are sold short. Approximately9.1% of the shares of the company are sold short. Based on an average daily volume of 353,200 shares, the short-interest ratio is presently 0.7 days.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Two Sigma Securities LLC purchased a new stake in Direxion Daily MSFT Bull 2X Shares in the 2nd quarter valued at approximately $634,000. Jane Street Group LLC boosted its holdings in Direxion Daily MSFT Bull 2X Shares by 31.9% in the 2nd quarter. Jane Street Group LLC now owns 41,129 shares of the company's stock valued at $2,043,000 after purchasing an additional 9,945 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in Direxion Daily MSFT Bull 2X Shares in the 2nd quarter valued at approximately $207,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in Direxion Daily MSFT Bull 2X Shares in the 2nd quarter valued at approximately $242,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in Direxion Daily MSFT Bull 2X Shares in the 2nd quarter valued at approximately $46,000.

Direxion Daily MSFT Bull 2X Shares Trading Up 1.1%

Shares of NASDAQ MSFU traded up $0.54 during midday trading on Friday, reaching $50.85. 630,040 shares of the company were exchanged, compared to its average volume of 544,411. Direxion Daily MSFT Bull 2X Shares has a 1 year low of $25.06 and a 1 year high of $61.16. The stock has a fifty day simple moving average of $51.22 and a 200 day simple moving average of $41.09. The stock has a market cap of $129.67 million, a P/E ratio of 42.77 and a beta of -2.33.

Direxion Daily MSFT Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were issued a $0.3739 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $1.50 dividend on an annualized basis and a yield of 2.9%. This is a boost from Direxion Daily MSFT Bull 2X Shares's previous quarterly dividend of $0.25.

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.