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

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 42,375 shares, a decrease of 54.5% from the June 30th total of 93,100 shares. Based on an average daily volume of 829,569 shares, the short-interest ratio is presently 0.1 days. Currently, 5.7% of the shares of the stock are sold short.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. IMC Chicago LLC increased its position in shares of Direxion Daily MSFT Bear 1X Shares 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 in the last quarter. Geneos Wealth Management Inc. acquired a new position in Direxion Daily MSFT Bear 1X Shares in the first quarter valued at about $53,000. Hamilton Wealth LLC acquired a new position in Direxion Daily MSFT Bear 1X Shares in the fourth quarter valued at about $138,000. Wakefield Asset Management LLLP bought a new stake in Direxion Daily MSFT Bear 1X Shares during the fourth quarter worth about $986,000. Finally, PayPay Securities Corp grew its stake in 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 buying an additional 1,639 shares during the last quarter.

Direxion Daily MSFT Bear 1X Shares Price Performance

Shares of Direxion Daily MSFT Bear 1X Shares stock traded down $0.15 during midday trading on Tuesday, hitting $13.45. 1,096,056 shares of the company were exchanged, compared to its average volume of 1,469,990. The firm has a 50 day simple moving average of $13.49 and a 200-day simple moving average of $13.43. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.1783 per share. This represents a $0.71 annualized dividend and a yield of 5.3%. The ex-dividend date was Tuesday, June 23rd.

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.