Direxion Daily MSFT Bull 2X Shares Experiences Significant Short Interest Growth

During October, the Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - Get Free Report) saw a notable increase in short interest. By October 15th, the total short interest reached 137,500 shares, reflecting a substantial increase of 204.9% compared to the 45,100 shares reported at the end of September. Given a daily average trading volume of 358,700 shares, the current short-interest ratio stands at 0.4 days.

Institutional Inflows and Outflows

Recently, several institutional investors have adjusted their positions in Direxion Daily MSFT Bull 2X Shares. For instance, Hollencrest Capital Management acquired a new stake valued at around $50,000 in the second quarter. Additionally, Virtu Financial LLC also bought in the first quarter at approximately $240,000. Client First Investment Management LLC established a stake in the second quarter worth about $291,000. Another notable investment came from Capital CS Group LLC, which purchased a stake in the second quarter amounting to around $314,000. Elevatus Wealth Management further increased their investment during the first quarter by purchasing approximately $6,939,000 in shares.

Direxion Daily MSFT Bull 2X Shares Stock Performance

On a recent trading day, shares of the Direxion Daily MSFT Bull 2X Shares rose by 1.5%, reaching $43.42 per share. There were 420,627 shares exchanged, significantly higher than the average volume of 271,511 shares. The stock has experienced a fifty-two week low of $32.71 and a high of $54.39. The market cap of Direxion Daily MSFT Bull 2X Shares is approximately $125.92 million, with a price-to-earnings ratio of 43.52 and a beta of -2.33. Currently, the 50-day moving average stands at $42.53 while the 200-day moving average is at $44.62.

Dividend Update

The company has also recently announced a quarterly dividend, which was disbursed on Tuesday, October 1st. This dividend amounted to $0.3293 per share for investors on record as of September 24th. The ex-dividend date was also noted to be September 24th, indicating an annualized dividend of $1.32, translating to a yield of 3.03%.

Understanding Direxion Daily MSFT Bull 2X Shares

The Direxion Daily MSFT Bull 2X Shares ETF is designed to provide investors with 1.5x leveraged exposure to the daily price movements of Microsoft Corporation's stock, while considering applicable fees and expenses. This exchange-traded fund was introduced on September 7, 2022, and is managed by Direxion.

Direxion, MSFT, Stocks