Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Short Interest Down 54.5% in August

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 3,416,027 shares, a decline of 54.5% from the July 30th total of 7,507,187 shares. Based on an average trading volume of 5,140,295 shares, the days-to-cover ratio is presently 0.7 days. Currently, 11.0% of the company’s shares are sold short.

Institutional Trading of Direxion Daily MSFT Bull 2X Shares

Large investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in Direxion Daily MSFT Bull 2X Shares in the 1st quarter worth $930,000. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares during the second quarter worth $207,000. Two Sigma Securities LLC acquired a new position in Direxion Daily MSFT Bull 2X Shares in the second quarter valued at $634,000. Group One Trading LLC purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares in the 3rd quarter valued at approximately $137,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Direxion Daily MSFT Bull 2X Shares in the third quarter worth $717,000.

Direxion Daily MSFT Bull 2X Shares Trading Up 3.4%

MSFU stock traded up $1.33 on Friday, hitting $40.23. The company had a trading volume of 4,651,255 shares, compared to its average volume of 5,935,213. The stock’s 50-day simple moving average is $29.28 and its 200 day simple moving average is $27.88. Direxion Daily MSFT Bull 2X Shares has a 12-month low of $19.47 and a 12-month high of $58.89. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 42.77 and a beta of 1.89.

Direxion Daily MSFT Bull 2X Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.1438 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.4%.

About Direxion Daily MSFT Bull 2X Shares

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.