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 April. As of April 30th, there was short interest totaling 47,009 shares, a decrease of 79.1% from the April 15th total of 225,165 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average trading volume of 1,730,543 shares, the days-to-cover ratio is presently 0.0 days.

Direxion Daily MSFT Bear 1X Shares Trading Up 0.7%

NASDAQ MSFD traded up $0.09 on Wednesday, hitting $13.44. The company’s stock had a trading volume of 1,540,347 shares, compared to its average volume of 1,516,235. Direxion Daily MSFT Bear 1X Shares has a 52-week low of $10.06 and a 52-week high of $15.33. The company’s 50-day simple moving average is $13.78 and its 200 day simple moving average is $12.64.

Direxion Daily MSFT Bear 1X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a dividend of $0.0805 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Trading of Direxion Daily MSFT Bear 1X Shares

A number of institutional investors and hedge funds have recently modified their holdings of MSFD. IMC Chicago LLC bought a new stake in shares of Direxion Daily MSFT Bear 1X Shares in the third quarter worth $1,372,000. Wakefield Asset Management LLLP purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares in the fourth quarter valued at about $986,000. Advisory Services Network LLC purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares in the second quarter valued at about $697,000. Susquehanna International Group LLP purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares in the third quarter valued at about $308,000. Finally, Citadel Advisors LLC increased its holdings in shares of Direxion Daily MSFT Bear 1X Shares by 207.9% in the third quarter. Citadel Advisors LLC now owns 40,754 shares of the company’s stock worth $440,000 after purchasing an additional 27,520 shares during the last quarter.

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.