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

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - Get Free Report) experienced a notable increase in short interest during October. By October 15th, the short interest reached a total of 137,500 shares. This marks a dramatic rise of 204.9% compared to the short interest figure of 45,100 shares recorded on September 30th. Given the average daily trading volume of 358,700 shares, the current short-interest ratio stands at 0.4 days.

Changes in Institutional Holdings

Recent modifications in stock holdings by institutional investors have been observed. In the second quarter, Hollencrest Capital Management acquired a new stake in Direxion Daily MSFT Bull 2X Shares, investing around $50,000. Similarly, Virtu Financial LLC made a new investment in the first quarter amounting to approximately $240,000. Additionally, Client First Investment Management LLC, Capital CS Group LLC, and Elevatus Wealth Management each purchased new stakes worth around $291,000, $314,000, and $6,939,000 respectively.

Stock Performance Overview

On a recent trading day, shares of Direxion Daily MSFT Bull 2X Shares increased by 1.5%, reaching $43.42. During this trading session, 420,627 shares changed hands, compared to the average volume of 271,511 shares. Over the past year, the stock has seen a low of $32.71 and a high of $54.39. With a market capitalization of $125.92 million, the stock holds a price-to-earnings ratio of 43.52 and a beta of -2.33. The average price over the last 50 days is $42.53, while the 200-day moving average stands at $44.62.

Recent Dividend Announcement

The company recently announced a quarterly dividend, which was paid on October 1st. Shareholders on record as of September 24th received a dividend of $0.3293 per share. The ex-dividend date was also on September 24th, and this translates to an annual dividend of $1.32, corresponding to a dividend yield of 3.03%.

Overview of Direxion Daily MSFT Bull 2X Shares

The Direxion Daily MSFT Bull 1.5X Shares ETF (MSFU) is an exchange-traded fund designed to provide 1.5x leveraged exposure, less fees and expenses, to the daily price movements of Microsoft Corporation. This ETF was launched on September 7, 2022, and is managed by Direxion.

Additional Insights

• Five stocks we prefer over Direxion Daily MSFT Bull 2X Shares
• Understanding Return on Investment (ROI)
• Potential New Highs for Texas Roadhouse Stock this Year
• Defining S&P 500 and Its Unique Features
• Monopar Therapeutics Surges 400% after Licensing Agreement
• Trends in Stock Movement Explained
• Tractor Supply Stock Sets Up a Great Buying Opportunity

This quick news update was created using narrative technology and financial information to deliver accurate reporting to our readers. It has been reviewed prior to publication.

Investment Considerations for Direxion Daily MSFT Bull 2X Shares

Before making any investment in Direxion Daily MSFT Bull 2X Shares, potential investors should consider recent findings.

Market analysis tracks leading analysts who daily provide insights into the best-performing stocks. It has been noted that top analysts have identified five alternative stocks they favor at the moment, excluding Direxion Daily MSFT Bull 2X Shares.

Review the top five recommended stocks to analyze potential investment opportunities.

Stocks, Investments, ETFs