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

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) experienced a notable increase in short interest in October. As of October 15th, the short interest reached 137,500 shares, marking an impressive growth of 204.9% from the previous total of 45,100 shares on September 30th. With an average daily trading volume of 358,700 shares, this results in a short-interest ratio of 0.4 days.

Institutional Investments in MSFU

Recently, institutional investors have adjusted their stakes in Direxion Daily MSFT Bull 2X Shares. Hollencrest Capital Management acquired a new position in the second quarter valued at about $50,000. Similarly, Virtu Financial LLC invested approximately $240,000 in the first quarter. Client First Investment Management LLC bought in during the second quarter for around $291,000, whereas Capital CS Group LLC also took a new position valued at approximately $314,000 in the same period. Notably, Elevatus Wealth Management made a significant investment in the first quarter, spending about $6,939,000.

Stock Performance of Direxion Daily MSFT Bull 2X Shares

On Friday, shares of Direxion Daily MSFT Bull 2X Shares rose by $0.65, reaching $43.42 during trading. The volume was 420,627 shares, compared to the average volume of 271,511 shares. The stock has seen a 52-week low of $32.71 and a high of $54.39. With a market capitalization of $125.92 million, it has a price-to-earnings ratio of 43.52 and a beta of -2.33. The 50-day moving average price stands at $42.53, while the 200-day moving average is at $44.62.

Dividend Announcement for Shareholders

The company recently announced its quarterly dividend, which was paid out on Tuesday, October 1st. Shareholders on record as of September 24th received a dividend of $0.3293 per share. The ex-dividend date for this payout was also September 24th. This results in an annualized dividend of $1.32, yielding a dividend of 3.03%.

Overview of Direxion Daily MSFT Bull 2X Shares

The Direxion Daily MSFT Bull 1.5X Shares ETF (MSFU) is designed to provide 1.5x leveraged exposure to the daily price movement of Microsoft Corporation stock. Launched on September 7, 2022, the fund is managed by Direxion.

Investment Consideration

Before investing in Direxion Daily MSFT Bull 2X Shares, investors are encouraged to research market analysts’ recommendations. While the fund currently holds a "hold" rating, some analysts may suggest alternative stocks that could be better investment opportunities.

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