Short Interest in Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Rises By 558.2%

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - Get Free Report) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 895,800 shares, an increase of 558.2% from the January 15th total of 136,100 shares. Based on an average daily volume of 562,500 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Trading of Direxion Daily MSFT Bull 2X Shares

A number of institutional investors and hedge funds have recently bought and sold shares of MSFU. Optiver Holding B.V. increased its stake in Direxion Daily MSFT Bull 2X Shares by 2,298.0% during 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 in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the third quarter worth approximately $1,191,000. SBI Securities Co. Ltd. bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the fourth quarter worth approximately $267,000. TRUE Private Wealth Advisors grew its stake in shares of Direxion Daily MSFT Bull 2X Shares by 7.5% in the fourth quarter. TRUE Private Wealth Advisors now owns 40,255 shares of the company's stock worth $1,589,000 after acquiring an additional 2,793 shares during the period. Finally, PayPay Securities Corp bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the fourth quarter worth approximately $31,000.

Direxion Daily MSFT Bull 2X Shares Trading Down 1.2 %

NASDAQ:MSFU traded down $0.44 on Friday, reaching $36.20. 840,519 shares of the stock traded hands, compared to its average volume of 795,574. The company has a market capitalization of $119.46 million, a price-to-earnings ratio of 43.52 and a beta of -2.33. Direxion Daily MSFT Bull 2X Shares has a 12 month low of $35.55 and a 12 month high of $54.39. The company's fifty day simple moving average is $40.85 and its 200 day simple moving average is $41.68.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.4026 per share. The ex-dividend date of this dividend was 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.