Direxion Daily MSFT Bear 1X ETF (NASDAQ:MSFD – Get Free Report) shares passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $10.01 and traded as high as $10.14. Direxion Daily MSFT Bear 1X ETF shares last traded at $10.10, with a volume of 2,467,573 shares changing hands.
Direxion Daily MSFT Bear 1X ETF Stock Performance
The business has a 50 day moving average of $10.01 and a two-hundred day moving average of $12.37.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of MSFD. IMC Chicago LLC boosted its stake in shares of Direxion Daily MSFT Bear 1X ETF by 28.5% in the 1st quarter. IMC Chicago LLC now owns 113,506 shares of the company’s stock worth $1,673,000 after buying an additional 25,146 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Direxion Daily MSFT Bear 1X ETF during the second quarter valued at approximately $466,000. PayPay Securities Corp increased its position in shares of Direxion Daily MSFT Bear 1X ETF by 47.5% during the third quarter. PayPay Securities Corp now owns 3,798 shares of the company’s stock valued at $38,000 after acquiring an additional 1,223 shares during the last quarter. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Direxion Daily MSFT Bear 1X ETF during the first quarter valued at approximately $53,000.
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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