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

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFDGet Free Report) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 105,670 shares, a growth of 341.8% from the May 14th total of 23,917 shares. Based on an average daily trading volume, of 2,696,222 shares, the short-interest ratio is presently 0.0 days. Approximately 3.5% of the shares of the company are short sold.

Institutional Trading of Direxion Daily MSFT Bear 1X Shares

A number of large investors have recently added to or reduced their stakes in MSFD. Wakefield Asset Management LLLP purchased a new stake in Direxion Daily MSFT Bear 1X Shares during the fourth quarter worth about $986,000. Advisory Services Network LLC purchased a new stake in Direxion Daily MSFT Bear 1X Shares during the second quarter worth about $697,000. Susquehanna International Group LLP purchased a new stake in Direxion Daily MSFT Bear 1X Shares during the third quarter worth about $308,000. Citadel Advisors LLC increased its holdings 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 during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares in the third quarter worth about $292,000.

Direxion Daily MSFT Bear 1X Shares Stock Performance

NASDAQ MSFD opened at $13.82 on Friday. Direxion Daily MSFT Bear 1X Shares has a 52-week low of $10.06 and a 52-week high of $15.33. The company has a 50-day simple moving average of $13.25 and a 200 day simple moving average of $12.92.

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 issued a dividend of $0.0805 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, March 24th.

Direxion Daily MSFT Bear 1X Shares Company Profile

(Get Free Report)

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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