Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU – Get Free Report) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 81,400 shares, an increase of 21.0% from the August 15th total of 67,300 shares. Based on an average daily trading volume, of 317,000 shares, the days-to-cover ratio is currently 0.3 days.
Direxion Daily MSFT Bull 2X Shares Stock Up 1.7 %
NASDAQ:MSFU traded up $0.77 during mid-day trading on Tuesday, hitting $45.70. 417,813 shares of the stock traded hands, compared to its average volume of 257,061. Direxion Daily MSFT Bull 2X Shares has a 52 week low of $30.31 and a 52 week high of $54.39. The stock has a market capitalization of $105.11 million, a price-to-earnings ratio of 43.52 and a beta of -2.33. The firm’s 50 day moving average is $43.66 and its two-hundred day moving average is $45.19.
Direxion Daily MSFT Bull 2X Shares Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th were paid a dividend of $0.3713 per share. The ex-dividend date was Tuesday, June 25th. This represents a $1.49 annualized dividend and a yield of 3.25%.
Institutional Investors Weigh In On Direxion Daily MSFT Bull 2X Shares
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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