Short Interest in Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Increases By 60.0%

Posted by Editorial Team on Dec 30th, 2024

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU – Get Free Report) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 190,200 shares, an increase of 60.0% from the November 30th total of 118,900 shares. Based on an average daily volume of 471,600 shares, the short-interest ratio is presently 0.4 days.

Direxion Daily MSFT Bull 2X Shares Price Performance

MSFU stock opened at $41.27 on Monday. Direxion Daily MSFT Bull 2X Shares has a 1 year low of $36.29 and a 1 year high of $54.39. The firm has a market capitalization of $127.11 million, a PE ratio of 43.52 and a beta of -2.33. The business has a 50 day simple moving average of $42.71 and a 200-day simple moving average of $44.17.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be issued a $0.4026 dividend. The ex-dividend date is Monday, December 23rd.

Institutional Trading of Direxion Daily MSFT Bull 2X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of MSFU. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the second quarter valued at about $50,000. Client First Investment Management LLC purchased a new position in Direxion Daily MSFT Bull 2X Shares during the second quarter worth about $291,000. Finally, Flow Traders U.S. LLC acquired a new position in Direxion Daily MSFT Bull 2X Shares in the 3rd quarter valued at about $1,191,000.

About Direxion Daily MSFT Bull 2X Shares

(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.