Direxion Daily MSFT Bull 2X Shares Experiences Significant Rise in Short Interest

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) has seen a notable increase in short interest over the month of October. As of October 15th, short interest totaled 137,500 shares, reflecting a remarkable growth of 204.9% compared to the 45,100 shares reported on September 30th. With an average daily volume of 358,700 shares, the current short-interest ratio stands at 0.4 days.

Institutional Investment Changes

Recent activity among institutional investors indicates a shift in their holdings of Direxion Daily MSFT Bull 2X Shares. During the second quarter, Hollencrest Capital Management acquired a new position valued at approximately $50,000. Additionally, Virtu Financial LLC established a stake during the first quarter worth about $240,000. Other notable investments include Client First Investment Management LLC with a new stake of around $291,000 and Capital CS Group LLC, which purchased shares valued at approximately $314,000. Elevatus Wealth Management also made a considerable investment in the first quarter, acquiring a position worth around $6,939,000.

Stock Performance Update

On recent trading days, Direxion Daily MSFT Bull 2X Shares saw its stock price rise by 1.5%, reaching $43.42. A total of 420,627 shares exchanged hands, exceeding its average trading volume of 271,511 shares. This stock has experienced a fifty-two week low of $32.71 and a high of $54.39. The company's market capitalization stands at $125.92 million, with a price-to-earnings ratio of 43.52 and a beta value of -2.33. Furthermore, the stock's 50-day moving average price is $42.53, while the 200-day moving average price is $44.62.

Dividend Adjustment

In its recent updates, the company announced a quarterly dividend that was distributed on October 1st. Shareholders on record as of September 24th received a dividend payment of $0.3293 per share, which equates to an annualized dividend of $1.32 and a yield of 3.03%.

About Direxion Daily MSFT Bull 2X Shares

The Direxion Daily MSFT Bull 2X Shares ETF (MSFU) is an exchange-traded fund designed to provide investors with 2x leveraged exposure to the daily price movements of Microsoft Corporation's stock. Launched on September 7, 2022, it is managed by Direxion.

Investment Insights

Potential investors in Direxion Daily MSFT Bull 2X Shares may want to conduct thorough research before making decisions. Current analyses suggest that while the stock holds a "hold" rating among many analysts, there are other stocks that may present better investment opportunities.

Direxion, MSFT, Investment