Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Short Interest Down 60.5% in February

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) was the recipient of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 39,100 shares, a drop of 60.5% from the January 31st total of 98,900 shares. Based on an average daily trading volume, of 77,700 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MSFD. Jane Street Group LLC bought a new stake in Direxion Daily MSFT Bear 1X Shares during the third quarter worth approximately $179,000. PayPay Securities Corp bought a new position in shares of Direxion Daily MSFT Bear 1X Shares in the fourth quarter valued at $64,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily MSFT Bear 1X Shares during the fourth quarter valued at $763,000. Finally, Jump Financial LLC purchased a new position in Direxion Daily MSFT Bear 1X Shares in the 4th quarter worth about $341,000.

Direxion Daily MSFT Bear 1X Shares Stock Performance

MSFD stock traded down $0.15 during mid-day trading on Friday, reaching $14.52. The company had a trading volume of 81,406 shares, compared to its average volume of 106,659. The stock’s 50-day simple moving average is $13.74 and its two-hundred day simple moving average is $13.76. Direxion Daily MSFT Bear 1X Shares has a one year low of $12.43 and a one year high of $15.10.

Direxion Daily MSFT Bear 1X Shares Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.1495 per share. The ex-dividend date of this dividend was Monday, December 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.