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

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 31,784 shares, a decline of 93.6% from the July 30th total of 493,634 shares. Based on an average daily volume of 2,689,775 shares, the short-interest ratio is presently 0.0 days. Approximately 5.3% of the company’s shares are sold short.

Direxion Daily MSFT Bear 1X Shares Trading Down 0.9%

NASDAQ:MSFD traded down $0.09 during mid-day trading on Tuesday, hitting $10.47. The company had a trading volume of 915,905 shares, compared to its average volume of 1,571,020. Direxion Daily MSFT Bear 1X Shares has a fifty-two week low of $10.03 and a fifty-two week high of $15.33. The business’s fifty day moving average is $12.60 and its two-hundred day moving average is $13.23.

Direxion Daily MSFT Bear 1X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.1783 per share. This represents a $0.71 annualized dividend and a dividend yield of 6.8%. The ex-dividend date was Tuesday, June 23rd.

Institutional Trading of Direxion Daily MSFT Bear 1X Shares

A number of hedge funds have recently modified their holdings of the company. Wakefield Asset Management LLLP acquired a new position in shares of Direxion Daily MSFT Bear 1X Shares in the 4th quarter valued at $986,000. Advisory Services Network LLC bought a new stake in shares of Direxion Daily MSFT Bear 1X Shares in the 2nd quarter valued at $697,000. Susquehanna International Group LLP acquired a new stake in Direxion Daily MSFT Bear 1X Shares during the 3rd quarter worth $308,000. 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 buying an additional 27,520 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Direxion Daily MSFT Bear 1X Shares during the 3rd quarter worth $292,000.

Direxion Daily MSFT Bear 1X Shares Company Profile

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.