Direxion Daily MSFT Bear 1X ETF (NASDAQ:MSFD – Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 128,489 shares, a growth of 63.0% from the September 30th total of 78,850 shares. Approximately 14.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,376,140 shares, the days-to-cover ratio is presently 0.1 days.
Direxion Daily MSFT Bear 1X ETF Trading Down 0.4%
Direxion Daily MSFT Bear 1X ETF stock opened at $10.06 on Tuesday. The business’s 50-day simple moving average is $10.01 and its two-hundred day simple moving average is $12.37. Direxion Daily MSFT Bear 1X ETF has a fifty-two week low of $9.29 and a fifty-two week high of $15.33.
Hedge Funds Weigh In On Direxion Daily MSFT Bear 1X ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the business. IMC Chicago LLC lifted its stake in Direxion Daily MSFT Bear 1X ETF by 28.5% during the 1st quarter. IMC Chicago LLC now owns 113,506 shares of the company’s stock valued at $1,673,000 after acquiring an additional 25,146 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Direxion Daily MSFT Bear 1X ETF in the second quarter worth $466,000. Geneos Wealth Management Inc. acquired a new stake in shares of Direxion Daily MSFT Bear 1X ETF in the first quarter worth $53,000. Finally, PayPay Securities Corp increased its stake in shares of Direxion Daily MSFT Bear 1X ETF by 47.5% in the third quarter. PayPay Securities Corp now owns 3,798 shares of the company’s stock worth $38,000 after acquiring an additional 1,223 shares during the period.
Direxion Daily MSFT Bear 1X ETF 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.
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