Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - Get Free Report) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 533,100 shares, an increase of 23.7% from the February 28th total of 430,900 shares. Approximately 10.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 699,400 shares, the short-interest ratio is currently 0.8 days.
Institutional Investors Weigh In On Direxion Daily MSFT Bull 2X Shares
Hedge funds have recently bought and sold shares of the business. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the 3rd quarter worth about $1,191,000. SBI Securities Co. Ltd. bought a new stake in Direxion Daily MSFT Bull 2X Shares during the fourth quarter worth approximately $267,000. PayPay Securities Corp bought a new stake in Direxion Daily MSFT Bull 2X Shares during the fourth quarter worth approximately $31,000. Optiver Holding B.V. lifted its stake in shares of Direxion Daily MSFT Bull 2X Shares by 2,298.0% in the 4th quarter. Optiver Holding B.V. now owns 33,093 shares of the company's stock valued at $1,307,000 after purchasing an additional 31,713 shares during the last quarter. Finally, TRUE Private Wealth Advisors lifted its stake in shares of Direxion Daily MSFT Bull 2X Shares by 7.5% in the 4th quarter. TRUE Private Wealth Advisors now owns 40,255 shares of the company's stock valued at $1,589,000 after purchasing an additional 2,793 shares during the last quarter.
Direxion Daily MSFT Bull 2X Shares Stock Performance
NASDAQ:MSFU traded down $2.12 during trading hours on Friday, reaching $27.35. The stock had a trading volume of 1,149,022 shares, compared to its average volume of 443,904. The stock has a market capitalization of $129.91 million, a PE ratio of 32.72 and a beta of -2.33. Direxion Daily MSFT Bull 2X Shares has a 52 week low of $27.31 and a 52 week high of $54.39. The company has a 50 day moving average price of $34.48 and a two-hundred day moving average price of $39.46.
Direxion Daily MSFT Bull 2X Shares Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a $0.2456 dividend. This represents a $0.98 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend was Tuesday, March 25th.
About Direxion Daily MSFT Bull 2X Shares
(
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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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