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

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 53,184 shares, an increase of 110.3% from the December 31st total of 25,288 shares. Based on an average daily trading volume, of 412,493 shares, the short-interest ratio is currently 0.1 days. Approximately 5.9% of the shares of the stock are short sold. Approximately 5.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 412,493 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily MSFT Bear 1X Shares Trading Up 0.6%

Shares of Direxion Daily MSFT Bear 1X Shares stock traded up $0.07 on Friday, reaching $12.81. The stock had a trading volume of 1,003,391 shares, compared to its average volume of 551,588. The business’s 50 day moving average is $11.71 and its two-hundred day moving average is $11.21. Direxion Daily MSFT Bear 1X Shares has a 1 year low of $10.06 and a 1 year high of $16.53.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MSFD. PayPay Securities Corp increased its holdings in shares of Direxion Daily MSFT Bear 1X Shares by 88.1% in the fourth quarter. PayPay Securities Corp now owns 3,500 shares of the company’s stock worth $40,000 after purchasing an additional 1,639 shares during the period. SBI Securities Co. Ltd. grew its position in Direxion Daily MSFT Bear 1X Shares by 323.0% during the third quarter. SBI Securities Co. Ltd. now owns 7,131 shares of the company’s stock worth $77,000 after buying an additional 5,445 shares in the last quarter. Flow Traders U.S. LLC bought a new position in Direxion Daily MSFT Bear 1X Shares in the 2nd quarter worth about $117,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily MSFT Bear 1X Shares in the 3rd quarter valued at about $292,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Direxion Daily MSFT Bear 1X Shares during the 3rd quarter valued at about $308,000.

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.