Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU – Get Free Report) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 430,900 shares, an increase of 17.5% from the February 13th total of 366,700 shares. Approximately 13.1% of the company’s stock are sold short. Based on an average trading volume of 707,400 shares, the days-to-cover ratio is currently 0.6 days.
Direxion Daily MSFT Bull 2X Shares Stock Down 0.5 %
MSFU stock opened at $32.14 on Friday. The business has a 50 day moving average price of $36.59 and a 200 day moving average price of $40.36. The stock has a market cap of $106.06 million, a price-to-earnings ratio of 33.29 and a beta of -2.33. Direxion Daily MSFT Bull 2X Shares has a fifty-two week low of $30.63 and a fifty-two week high of $54.39.
Institutional Trading of Direxion Daily MSFT Bull 2X Shares
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PayPay Securities Corp acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares in the 4th quarter valued at $31,000. SBI Securities Co. Ltd. purchased a new stake in Direxion Daily MSFT Bull 2X Shares in the fourth quarter valued at $267,000. Flow Traders U.S. LLC purchased a new stake in Direxion Daily MSFT Bull 2X Shares in the third quarter valued at $1,191,000. Optiver Holding B.V. grew its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 2,298.0% during the fourth quarter. Optiver Holding B.V. now owns 33,093 shares of the company’s stock worth $1,307,000 after purchasing an additional 31,713 shares during the last quarter. Finally, TRUE Private Wealth Advisors increased its position in shares of Direxion Daily MSFT Bull 2X Shares by 7.5% during the fourth quarter. TRUE Private Wealth Advisors now owns 40,255 shares of the company’s stock worth $1,589,000 after purchasing an additional 2,793 shares in the last quarter.
About Direxion Daily MSFT Bull 2X Shares
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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