Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Sees Significant Decline in Short Interest

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 96,600 shares, a decrease of 79.0% from the October 31st total of 461,000 shares. Based on an average daily volume of 437,500 shares, the short-interest ratio is currently 0.2 days.

Direxion Daily MSFT Bull 2X Shares Trading Down 2.3 %

Shares of MSFU traded down $0.97 during mid-day trading on Wednesday, hitting $41.84. 231,870 shares of the company traded hands, compared to its average volume of 305,972. The business has a 50-day moving average of $42.03 and a 200 day moving average of $44.40. Direxion Daily MSFT Bull 2X Shares has a one year low of $36.29 and a one year high of $54.39. The stock has a market capitalization of $128.87 million, a price-to-earnings ratio of 43.52 and a beta of -2.33.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a $0.3293 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $1.32 annualized dividend and a dividend yield of 3.15%.

Hedge Funds Weigh In On Direxion Daily MSFT Bull 2X Shares

Several hedge funds have recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the second quarter worth $50,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the 1st quarter valued at approximately $240,000. Client First Investment Management LLC bought a new position in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter worth approximately $291,000. Capital CS Group LLC acquired a new position in Direxion Daily MSFT Bull 2X Shares during the second quarter valued at approximately $314,000. Finally, Flow Traders U.S. LLC bought a new stake in Direxion Daily MSFT Bull 2X Shares in the third quarter valued at approximately $1,191,000.

Direxion Daily MSFT Bull 2X Shares Company Profile

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.