Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Stock Price Up 1.6% – Here’s What Happened

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD)’s share price rose 1.6% on Thursday . The stock traded as high as $11.17 and last traded at $11.13. Approximately 671,080 shares were traded during mid-day trading, an increase of 251% from the average daily volume of 191,329 shares. The stock had previously closed at $10.95.

Direxion Daily MSFT Bear 1X Shares Price Performance

The business’s 50-day simple moving average is $10.90 and its 200-day simple moving average is $11.38.

Institutional Trading of Direxion Daily MSFT Bear 1X Shares

A number of institutional investors have recently bought and sold shares of MSFD. IMC Chicago LLC acquired a new position in Direxion Daily MSFT Bear 1X Shares in the 3rd quarter worth about $1,372,000. Advisory Services Network LLC bought a new stake in shares of Direxion Daily MSFT Bear 1X Shares in the 2nd quarter valued at approximately $697,000. Cibc World Market Inc. grew its stake in shares of Direxion Daily MSFT Bear 1X Shares by 49.6% in the 3rd quarter. Cibc World Market Inc. now owns 79,521 shares of the company’s stock valued at $858,000 after buying an additional 26,362 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in Direxion Daily MSFT Bear 1X Shares in the second quarter worth approximately $117,000. Finally, Jump Financial LLC raised its position in Direxion Daily MSFT Bear 1X Shares by 24.3% during the first quarter. Jump Financial LLC now owns 30,853 shares of the company’s stock valued at $470,000 after acquiring an additional 6,028 shares in the last quarter.

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.