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

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) experienced a notable increase in short interest during October. On October 15th, the total short interest reached 137,500 shares, reflecting a substantial rise of 204.9% from the 45,100 shares recorded on September 30th. With an average daily trading volume of 358,700 shares, the current short-interest ratio stands at 0.4 days.

Institutional Investors Adjust Holdings

Recent activity among institutional investors has led to changes in their positions regarding the stock. Notably, Hollencrest Capital Management took a new position in the Direxion Daily MSFT Bull 2X Shares, investing around $50,000 in the second quarter. Similarly, Virtu Financial LLC acquired a stake valued at about $240,000 during the first quarter. Other significant investments include Client First Investment Management LLC's new stake of approximately $291,000 and Capital CS Group LLC's stake of around $314,000, both made in the second quarter. Elevatus Wealth Management also made a considerable investment of about $6,939,000 during the first quarter.

Recent Stock Performance

On Friday, shares of Direxion Daily MSFT Bull 2X Shares increased by 1.5%, trading up $0.65 to reach $43.42. The trading volume on that day was 420,627 shares, which exceeds the average of 271,511 shares. Over the past year, the stock has ranged from a low of $32.71 to a high of $54.39. With a market capitalization of $125.92 million, the stock shows a price-to-earnings ratio of 43.52 and a beta of -2.33. Furthermore, its 50-day moving average stands at $42.53, while the 200-day moving average is recorded at $44.62.

Dividend Announcement

The company has also made recent announcements regarding its dividends. A quarterly dividend was declared and distributed on Tuesday, October 1st, providing investors of record as of September 24th with a dividend of $0.3293 per share. The ex-dividend date coincided with September 24th. This translates to an annualized dividend of $1.32, resulting in a dividend yield of 3.03%.

Understanding Direxion Daily MSFT Bull 2X Shares

The Direxion Daily MSFT Bull 2X Shares ETF (MSFU) is an exchange-traded fund that aims to provide leveraged exposure to Microsoft Corporation. Specifically, the fund offers 1.5x leveraged exposure to the daily price movements of Microsoft stock, minus fees and expenses. Launched on September 7, 2022, this ETF is managed by Direxion.

Expert Recommendations

Before considering an investment in Direxion Daily MSFT Bull 2X Shares, it may be valuable to explore insights from market analysts. Currently rated as a "hold" by analysts, it is suggested that there are better investment opportunities available.

investment, stocks, shortinterest