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

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 recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 231,100 shares, anincreaseof77.9% 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 Trading of Direxion Daily MSFT Bull 2X Shares

Institutional investors have recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. bought a new stake in Direxion Daily MSFT Bull 2X Shares during the second quarter valued at $46,000. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily MSFT Bull 2X Shares during the second quarter worth about $207,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in shares of Direxion Daily MSFT Bull 2X Shares during the second quarter worth about $242,000. SBI Securities Co. Ltd. grew its position in shares of Direxion Daily MSFT Bull 2X Shares by 34.8% during the first 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 last quarter. Finally, Simplex Trading LLC grew its position in shares of Direxion Daily MSFT Bull 2X Shares by 133.0% during the first 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 last quarter.

Direxion Daily MSFT Bull 2X Shares Stock Down 0.3%

MSFU stock traded down $0.17 during trading on Thursday, hitting $50.31. 307,443 shares of the company's stock traded hands, compared to its average volume of 543,862. Direxion Daily MSFT Bull 2X Shares has a 52 week low of $25.06 and a 52 week high of $61.16. The stock has a fifty day moving average price of $51.12 and a two-hundred day moving average price of $41.00. The stock has a market capitalization of $128.29 million, a price-to-earnings ratio of 42.77 and a beta of -2.33.

Direxion Daily MSFT Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were paid a dividend of $0.3739 per share. The ex-dividend date was Tuesday, June 24th. This is a positive change from Direxion Daily MSFT Bull 2X Shares's previous quarterly dividend of $0.25. This represents a $1.50 annualized dividend and a yield of 3.0%.

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.