Direxion Daily MSFT Bear 1X ETF (NASDAQ:MSFD) Sees Large Growth in Short Interest

Direxion Daily MSFT Bear 1X ETF (NASDAQ:MSFD) saw a large increase in short interest in 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 short-interest ratio is presently 0.1 days. Approximately 13.5% of the company’s shares are sold short.

Direxion Daily MSFT Bear 1X ETF Price Performance

Shares of MSFD opened at $10.38 on Friday. Direxion Daily MSFT Bear 1X ETF has a 52-week low of $9.94 and a 52-week high of $15.33. The business’s 50 day moving average price is $11.58 and its two-hundred day moving average price is $12.92.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. acquired a new stake in shares of Direxion Daily MSFT Bear 1X ETF in the 1st quarter valued at about $53,000. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily MSFT Bear 1X ETF during the second quarter worth approximately $117,000. Hamilton Wealth LLC acquired a new stake in Direxion Daily MSFT Bear 1X ETF in the 4th quarter valued at $138,000. Virtu Financial LLC acquired a new position in Direxion Daily MSFT Bear 1X ETF during the third quarter worth $292,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Direxion Daily MSFT Bear 1X ETF during the third quarter valued at about $308,000.

About Direxion Daily MSFT Bear 1X ETF

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.