Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD – Get Free Report) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 47,009 shares, a decline of 79.1% from the April 15th total of 225,165 shares. Based on an average trading volume of 1,730,543 shares, the short-interest ratio is currently 0.0 days. Currently, 1.5% of the company’s shares are sold short.
Hedge Funds Weigh In On Direxion Daily MSFT Bear 1X Shares
Several institutional investors and hedge funds have recently made changes to their positions in MSFD. IMC Chicago LLC acquired a new position in shares of Direxion Daily MSFT Bear 1X Shares in the third quarter valued at approximately $1,372,000. Wakefield Asset Management LLLP acquired a new stake in Direxion Daily MSFT Bear 1X Shares during the fourth quarter worth approximately $986,000. Advisory Services Network LLC acquired a new stake in Direxion Daily MSFT Bear 1X Shares during the second quarter worth approximately $697,000. Susquehanna International Group LLP acquired a new stake in Direxion Daily MSFT Bear 1X Shares during the third quarter worth approximately $308,000. Finally, Citadel Advisors LLC grew its position in Direxion Daily MSFT Bear 1X Shares by 207.9% during the third quarter. Citadel Advisors LLC now owns 40,754 shares of the company’s stock worth $440,000 after buying an additional 27,520 shares in the last quarter.
Direxion Daily MSFT Bear 1X Shares Stock Performance
Shares of Direxion Daily MSFT Bear 1X Shares stock traded down $0.39 during trading on Friday, reaching $12.90. The stock had a trading volume of 3,700,567 shares, compared to its average volume of 1,534,757. Direxion Daily MSFT Bear 1X Shares has a 52 week low of $10.06 and a 52 week high of $15.33. The stock has a fifty day moving average price of $13.77 and a two-hundred day moving average price of $12.65.
Direxion Daily MSFT Bear 1X Shares Cuts Dividend
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.
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