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

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

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

A number of large investors have recently bought and sold shares of the business. Hollencrest Capital Management bought a new position in shares of Direxion Daily MSFT Bull 2X Shares during the second quarter worth about $50,000. Client First Investment Management LLC acquired a new position in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter valued at about $291,000. Finally, Flow Traders U.S. LLC bought a new position in Direxion Daily MSFT Bull 2X Shares in the 3rd quarter worth about $1,191,000.

Direxion Daily MSFT Bull 2X Shares Stock Down 3.5 %

MSFU stock traded down $1.51 during trading on Friday, hitting $41.27. 414,948 shares of the company's stock traded hands, compared to its average volume of 313,302. The stock has a market capitalization of $127.11 million, a price-to-earnings ratio of 43.52 and a beta of -2.33. Direxion Daily MSFT Bull 2X Shares has a 52 week low of $36.29 and a 52 week high of $54.39. The stock has a fifty day moving average price of $42.71 and a two-hundred day moving average price of $44.20.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be paid a dividend of $0.4026 per share. The ex-dividend date is Monday, December 23rd.

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.