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

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 105,670 shares, an increase of 341.8% from the May 14th total of 23,917 shares. Approximately 3.5% of the company’s stock are sold short. Based on an average trading volume of 2,696,222 shares, the short-interest ratio is presently 0.0 days.

Direxion Daily MSFT Bear 1X Shares Stock Performance

NASDAQ:MSFD traded up $0.26 during trading hours on Thursday, hitting $13.83. The company’s stock had a trading volume of 953,219 shares, compared to its average volume of 1,623,735. The stock has a fifty day moving average of $13.27 and a 200-day moving average of $12.91. Direxion Daily MSFT Bear 1X Shares has a 52-week low of $10.06 and a 52-week high of $15.33.

Direxion Daily MSFT Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.0805 dividend. This represents a $0.32 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, March 24th.

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

Several large investors have recently bought and sold shares of the business. Flow Traders U.S. LLC increased its holdings in Direxion Daily MSFT Bear 1X Shares by 11.2% in the third quarter. Flow Traders U.S. LLC now owns 11,585 shares of the company’s stock valued at $125,000 after buying an additional 1,163 shares during the last quarter. PayPay Securities Corp increased its position in shares of Direxion Daily MSFT Bear 1X Shares by 88.1% during the fourth quarter. PayPay Securities Corp now owns 3,500 shares of the company’s stock worth $40,000 after purchasing an additional 1,639 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Direxion Daily MSFT Bear 1X Shares during the first quarter worth about $53,000. SBI Securities Co. Ltd. increased its position in shares of Direxion Daily MSFT Bear 1X Shares by 323.0% during the third quarter. SBI Securities Co. Ltd. now owns 7,131 shares of the company’s stock worth $77,000 after purchasing an additional 5,445 shares in the last quarter. Finally, Hamilton Wealth LLC acquired a new stake in shares of Direxion Daily MSFT Bear 1X Shares during the fourth quarter worth about $138,000.

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.