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

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 24,200 shares, an increase of 240.8% from the November 15th total of 7,100 shares. Based on an average daily volume of 77,400 shares, the days-to-cover ratio is currently 0.3 days.

Direxion Daily MSFT Bear 1X Shares Price Performance

Shares of MSFD stock traded down $0.16 during trading hours on Wednesday, reaching $13.00. The company had a trading volume of 25,701 shares, compared to its average volume of 88,078. Direxion Daily MSFT Bear 1X Shares has a twelve month low of $12.43 and a twelve month high of $16.20. The stock’s fifty day simple moving average is $13.80 and its 200 day simple moving average is $13.69.

Direxion Daily MSFT Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a $0.1097 dividend. This represents a $0.44 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend was Tuesday, September 24th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily MSFT Bear 1X Shares stock. Jane Street Group LLC purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,232 shares of the company’s stock, valued at approximately $179,000. Jane Street Group LLC owned 2.41% of Direxion Daily MSFT Bear 1X Shares at the end of the most recent reporting period.

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.