Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Sees Large Decrease in Short Interest

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 31,784 shares, a decrease of 93.6% from the July 30th total of 493,634 shares. Based on an average trading volume of 2,689,775 shares, the days-to-cover ratio is presently 0.0 days. Currently, 5.3% of the company’s shares are sold short.

Institutional Investors Weigh In On Direxion Daily MSFT Bear 1X Shares

Several institutional investors have recently modified their holdings of MSFD. IMC Chicago LLC lifted its holdings in Direxion Daily MSFT Bear 1X Shares by 28.5% in the first quarter. IMC Chicago LLC now owns 113,506 shares of the company’s stock valued at $1,673,000 after buying an additional 25,146 shares during the period. Geneos Wealth Management Inc. acquired a new stake in Direxion Daily MSFT Bear 1X Shares during the 1st quarter worth $53,000. Hamilton Wealth LLC acquired a new stake in Direxion Daily MSFT Bear 1X Shares during the 4th quarter worth $138,000. Wakefield Asset Management LLLP acquired a new stake in Direxion Daily MSFT Bear 1X Shares during the 4th quarter worth $986,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Direxion Daily MSFT Bear 1X Shares during the 3rd quarter valued at $308,000.

Direxion Daily MSFT Bear 1X Shares Price Performance

Direxion Daily MSFT Bear 1X Shares stock traded down $0.09 during mid-day trading on Tuesday, hitting $10.47. The stock had a trading volume of 915,905 shares, compared to its average volume of 1,571,020. The stock has a 50-day simple moving average of $12.60 and a two-hundred day simple moving average of $13.23. Direxion Daily MSFT Bear 1X Shares has a 12 month low of $10.03 and a 12 month high of $15.33.

Direxion Daily MSFT Bear 1X Shares Announces Dividend

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

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.