Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Short Interest Up 1,064.9% in July

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 493,634 shares, an increase of 1,064.9% from the July 15th total of 42,375 shares. Currently, 82.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,522,310 shares, the days-to-cover ratio is currently 0.3 days.

Direxion Daily MSFT Bear 1X Shares Stock Up 1.6%

NASDAQ:MSFD traded up $0.16 during midday trading on Wednesday, hitting $10.41. The company had a trading volume of 612,751 shares, compared to its average volume of 1,590,057. The stock’s fifty day moving average price is $13.15 and its 200-day moving average price is $13.36. Direxion Daily MSFT Bear 1X Shares has a 52-week low of $10.03 and a 52-week high of $15.33.

Direxion Daily MSFT Bear 1X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.1783 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date was Tuesday, June 23rd.

Hedge Funds Weigh In On Direxion Daily MSFT Bear 1X Shares

A number of large investors have recently added to or reduced their stakes in the business. Wakefield Asset Management LLLP bought a new stake in Direxion Daily MSFT Bear 1X Shares during the 4th quarter valued at $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. Citadel Advisors LLC raised its stake in shares of 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 valued at $440,000 after acquiring an additional 27,520 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Direxion Daily MSFT Bear 1X Shares during the third quarter valued at about $292,000.

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.