Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Sees Significant Growth in Short Interest

Posted by James Quigley on Dec 1st, 2024

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD – Get Free Report) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 7,100 shares, a growth of 61.4% from the October 31st total of 4,400 shares. Based on an average daily volume of 83,800 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily MSFT Bear 1X Shares Stock Performance

Shares of MSFD remained flat at $13.78 on Friday. The company had a trading volume of 40,801 shares, compared to its average volume of 90,009. The business has a fifty day moving average of $13.86 and a two-hundred day moving average of $13.73. Direxion Daily MSFT Bear 1X Shares has a 1-year low of $12.43 and a 1-year high of $16.21.

Direxion Daily MSFT Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued a dividend of $0.1097 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Tuesday, September 24th.

Hedge Funds Weigh In On Direxion Daily MSFT Bear 1X Shares

A hedge fund recently bought a new stake in Direxion Daily MSFT Bear 1X Shares stock. Jane Street Group LLC purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 13,232 shares of the company’s stock, valued at approximately $179,000. Jane Street Group LLC owned approximately 2.41% of Direxion Daily MSFT Bear 1X Shares at the end of the most recent reporting period.

Direxion Daily MSFT Bear 1X Shares Company Profile

(Get Free Report)

The Direxion Daily MSFT Bear 1X Shares ETF (MSFD) is an exchange-traded fund that is based on the Microsoft Corporation index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Microsoft stock. MSFD was launched on Sep 7, 2022 and is managed by Direxion.