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

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 493,634 shares, a growth of 1,064.9% from the July 15th total of 42,375 shares. Currently, 82.3% of the shares of the company are short sold. Based on an average trading volume of 1,522,310 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Direxion Daily MSFT Bear 1X Shares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wakefield Asset Management LLLP purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares during the 4th quarter valued at about $986,000. PayPay Securities Corp increased its holdings in Direxion Daily MSFT Bear 1X Shares by 88.1% in the 4th quarter. PayPay Securities Corp now owns 3,500 shares of the company’s stock worth $40,000 after acquiring an additional 1,639 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in Direxion Daily MSFT Bear 1X Shares in the 3rd quarter worth approximately $308,000. Flow Traders U.S. LLC raised its stake in Direxion Daily MSFT Bear 1X Shares by 11.2% during the 3rd quarter. Flow Traders U.S. LLC now owns 11,585 shares of the company’s stock worth $125,000 after acquiring an additional 1,163 shares during the period. Finally, Citadel Advisors LLC raised its stake in Direxion Daily MSFT Bear 1X Shares by 207.9% during the 3rd quarter. Citadel Advisors LLC now owns 40,754 shares of the company’s stock worth $440,000 after acquiring an additional 27,520 shares during the period.

Direxion Daily MSFT Bear 1X Shares Trading Down 1.3%

Shares of MSFD stock traded down $0.14 during mid-day trading on Thursday, reaching $10.33. 190,082 shares of the company’s stock traded hands, compared to its average volume of 1,589,909. Direxion Daily MSFT Bear 1X Shares has a 12 month low of $10.03 and a 12 month high of $15.33. The firm has a 50 day moving average price of $13.11 and a two-hundred day moving average price of $13.35.

Direxion Daily MSFT Bear 1X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.1783 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.71 annualized dividend and a yield of 6.9%.

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.