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

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) saw a notable rise in short interest during October. As of October 15th, the total short interest reached 137,500 shares, representing an impressive increase of 204.9% from 45,100 shares reported on September 30th. Considering the average daily trading volume of 358,700 shares, the current short-interest ratio is relatively low at 0.4 days.

Recent Institutional Activity

In recent times, institutional investors have been adjusting their positions in Direxion Daily MSFT Bull 2X Shares. For instance, Hollencrest Capital Management acquired a new stake worth approximately $50,000 in the second quarter. Similarly, Virtu Financial LLC initiated a new investment earlier in the first quarter totaling around $240,000. Client First Investment Management LLC also bought shares in the second quarter, investing about $291,000. Capital CS Group LLC joined in by purchasing a stake worth about $314,000 in the same quarter. Furthermore, Elevatus Wealth Management made a significant investment of around $6,939,000 during the first quarter.

Share Performance Overview

During trading on a recent Friday, shares of Direxion Daily MSFT Bull 2X Shares increased by $0.65, closing at $43.42. A total of 420,627 shares changed hands, surpassing the average trading volume of 271,511. The stock has experienced a 52-week low of $32.71 and a high of $54.39. Its market capitalization stands at $125.92 million, with a price-to-earnings (P/E) ratio of 43.52 and a beta of -2.33. Additionally, the stock's 50-day moving average price is $42.53, while the 200-day moving average price is $44.62.

Dividend Announcement

Recently, the company also disclosed a quarterly dividend, which was distributed on October 1st. Shareholders on record as of September 24th received a dividend payment of $0.3293 per share. The ex-dividend date was also marked as September 24th. This results in an annualized dividend of $1.32, corresponding to a dividend yield of 3.03%.

About Direxion Daily MSFT Bull 2X Shares

The Direxion Daily MSFT Bull 2X Shares ETF (MSFU) is designed to give investors 1.5 times leveraged exposure, minus fees and expenses, to the daily movements in the price of Microsoft stock. The fund launched on September 7, 2022, and is managed by Direxion, which is known for its focus on leveraged and inverse exchange-traded funds.

Investment Insights

Investors contemplating a stake in Direxion Daily MSFT Bull 2X Shares may want to consider additional factors before making a decision. Financial experts often monitor stock trends and ratings from analysts to provide insights into investment opportunities. Current ratings suggest that while MSFU holds a 'hold' rating, there may be other stocks that present potentially higher return prospects.

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