Short Interest in Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Declines By 54.5%

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 3,416,027 shares, a drop of 54.5% from the July 30th total of 7,507,187 shares. Currently, 11.0% of the company’s stock are short sold. Based on an average daily volume of 5,140,295 shares, the days-to-cover ratio is presently 0.7 days.

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

Several large investors have recently made changes to their positions in the stock. PayPay Securities Corp raised its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 58.4% during the second quarter. PayPay Securities Corp now owns 1,372 shares of the company’s stock worth $30,000 after acquiring an additional 506 shares during the period. SOA Wealth Advisors LLC. boosted its stake in Direxion Daily MSFT Bull 2X Shares by 147.3% in the 1st 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 during the period. Parallel Advisors LLC boosted its stake in Direxion Daily MSFT Bull 2X Shares by 167.4% in the 4th quarter. Parallel Advisors LLC now owns 1,725 shares of the company’s stock worth $72,000 after purchasing an additional 1,080 shares during the period. Group One Trading LLC bought a new position in Direxion Daily MSFT Bull 2X Shares during the 3rd quarter worth about $137,000. Finally, Safe Harbor Fiduciary LLC bought a new position in Direxion Daily MSFT Bull 2X Shares during the 4th quarter worth about $132,000.

Direxion Daily MSFT Bull 2X Shares Stock Up 3.4%

Shares of MSFU traded up $1.33 on Friday, hitting $40.23. The company’s stock had a trading volume of 4,651,255 shares, compared to its average volume of 5,935,213. The firm’s fifty day moving average price is $29.28 and its 200-day moving average price is $27.89. 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 firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 42.77 and a beta of 1.89.

Direxion Daily MSFT Bull 2X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.1438 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.58 dividend on an annualized basis and a yield of 1.4%.

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.