Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Short Interest Update

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 47,009 shares, a decline of 79.1% from the April 15th total of 225,165 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily volume of 1,730,543 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Flow Traders U.S. LLC bought a new stake in Direxion Daily MSFT Bear 1X Shares in the second quarter valued at approximately $117,000. Advisory Services Network LLC acquired a new stake in Direxion Daily MSFT Bear 1X Shares during the 2nd quarter valued at $697,000. IMC Chicago LLC acquired a new position in shares of Direxion Daily MSFT Bear 1X Shares in the third quarter valued at $1,372,000. SBI Securities Co. Ltd. raised its position in shares of Direxion Daily MSFT Bear 1X Shares by 323.0% in the third quarter. SBI Securities Co. Ltd. now owns 7,131 shares of the company’s stock valued at $77,000 after purchasing an additional 5,445 shares during the period. Finally, Cibc World Market Inc. raised its position in shares of Direxion Daily MSFT Bear 1X Shares by 49.6% in the third quarter. Cibc World Market Inc. now owns 79,521 shares of the company’s stock valued at $858,000 after purchasing an additional 26,362 shares during the period.

Direxion Daily MSFT Bear 1X Shares Stock Down 2.5%

Shares of NASDAQ MSFD traded down $0.33 during mid-day trading on Friday, hitting $12.96. The company’s stock had a trading volume of 221,745 shares, compared to its average volume of 1,500,060. The company’s fifty day simple moving average is $13.77 and its 200-day simple moving average is $12.65. Direxion Daily MSFT Bear 1X Shares has a one year low of $10.06 and a one year high of $15.33.

Direxion Daily MSFT Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.0805 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.5%.

About Direxion Daily MSFT Bear 1X Shares

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.