Direxion Daily MSFT Bear 1X ETF (NASDAQ:MSFD) Short Interest Up 155.3% in August

Direxion Daily MSFT Bear 1X ETF (NASDAQ:MSFDGet Free Report) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 81,129 shares, an increase of 155.3% from the August 15th total of 31,784 shares. Based on an average daily volume of 1,235,686 shares, the days-to-cover ratio is currently 0.1 days. Currently, 13.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On Direxion Daily MSFT Bear 1X ETF

Several hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. acquired a new position in shares of Direxion Daily MSFT Bear 1X ETF in the first quarter valued at approximately $53,000. Hamilton Wealth LLC acquired a new position in Direxion Daily MSFT Bear 1X ETF in the 4th quarter valued at $138,000. IMC Chicago LLC lifted its stake in shares of Direxion Daily MSFT Bear 1X ETF by 28.5% during the 1st quarter. IMC Chicago LLC now owns 113,506 shares of the company’s stock worth $1,673,000 after purchasing an additional 25,146 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Direxion Daily MSFT Bear 1X ETF during the second quarter worth $466,000. Finally, Wakefield Asset Management LLLP purchased a new stake in shares of Direxion Daily MSFT Bear 1X ETF in the fourth quarter valued at $986,000.

Direxion Daily MSFT Bear 1X ETF Stock Performance

MSFD traded down $0.20 during midday trading on Monday, reaching $10.18. 2,944,548 shares of the company’s stock were exchanged, compared to its average volume of 1,557,223. Direxion Daily MSFT Bear 1X ETF has a 1-year low of $9.94 and a 1-year high of $15.33. The business’s 50-day moving average price is $11.51 and its 200 day moving average price is $12.88.

About Direxion Daily MSFT Bear 1X ETF

(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.

Further Reading

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