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

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. PayPay Securities Corp increased its stake in Direxion Daily MSFT Bull 2X Shares by 58.4% in the second quarter. PayPay Securities Corp now owns 1,372 shares of the company’s stock valued at $30,000 after purchasing an additional 506 shares in the last quarter. SOA Wealth Advisors LLC. boosted 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 grew its holdings in shares of 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 valued at $72,000 after buying an additional 1,080 shares during the period. Group One Trading LLC grew its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 14.6% in the 4th quarter. Group One Trading LLC now owns 3,011 shares of the company’s stock valued at $125,000 after buying an additional 384 shares during the period. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the 4th quarter valued at $132,000.

Direxion Daily MSFT Bull 2X Shares Stock Up 3.4%

NASDAQ MSFU traded up $1.33 on Friday, reaching $40.23. The company had a trading volume of 4,651,255 shares, compared to its average volume of 5,935,213. Direxion Daily MSFT Bull 2X Shares has a 52 week low of $19.47 and a 52 week high of $58.89. The stock’s 50 day moving average is $29.28 and its 200-day moving average is $27.89. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 42.77 and a beta of 1.89.

Direxion Daily MSFT Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.1438 per share. This represents a $0.58 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, June 23rd.

Direxion Daily MSFT Bull 2X Shares Company Profile

(Get Free Report)

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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