Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 64,300 shares, a growth of 20.6% from the June 15th total of 53,300 shares. Based on an average daily trading volume, of 224,500 shares, the short-interest ratio is presently 0.3 days.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC bought a new stake in Direxion Daily MSFT Bull 2X Shares during the first quarter valued at approximately $240,000. Capital CS Group LLC bought a new position in shares of Direxion Daily MSFT Bull 2X Shares in the second quarter worth approximately $314,000. TRUE Private Wealth Advisors boosted its position in shares of Direxion Daily MSFT Bull 2X Shares by 1.3% in the first quarter. TRUE Private Wealth Advisors now owns 38,477 shares of the company’s stock worth $1,762,000 after purchasing an additional 495 shares during the period. Finally, Elevatus Welath Management bought a new position in shares of Direxion Daily MSFT Bull 2X Shares in the first quarter worth approximately $6,939,000.
Direxion Daily MSFT Bull 2X Shares Stock Performance
Shares of MSFU traded down $1.03 during mid-day trading on Tuesday, hitting $49.88. 332,532 shares of the company traded hands, compared to its average volume of 226,240. The stock has a 50-day moving average price of $47.98 and a two-hundred day moving average price of $45.20. Direxion Daily MSFT Bull 2X Shares has a 1 year low of $30.31 and a 1 year high of $54.39. The stock has a market cap of $103.75 million, a price-to-earnings ratio of 43.52 and a beta of -2.33.
Direxion Daily MSFT Bull 2X Shares Dividend Announcement
Direxion Daily MSFT Bull 2X Shares Company Profile
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.
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