Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Trading Down 0.5% – Should You Sell?

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) traded down 0.5% during mid-day trading on Wednesday . The company traded as low as $10.66 and last traded at $10.76. 167,072 shares changed hands during trading, a decline of 8% from the average session volume of 181,933 shares. The stock had previously closed at $10.81.

Direxion Daily MSFT Bear 1X Shares Trading Down 0.5%

The company has a 50 day moving average of $10.97 and a two-hundred day moving average of $11.88.

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

Large investors have recently made changes to their positions in the business. Jump Financial LLC boosted its position in shares of Direxion Daily MSFT Bear 1X Shares by 24.3% during the 1st quarter. Jump Financial LLC now owns 30,853 shares of the company’s stock valued at $470,000 after purchasing an additional 6,028 shares in the last quarter. Advisory Services Network LLC bought a new stake in Direxion Daily MSFT Bear 1X Shares during the second quarter worth approximately $697,000. Finally, Flow Traders U.S. LLC bought a new stake in Direxion Daily MSFT Bear 1X Shares during the second quarter worth approximately $117,000.

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.