Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Shares Down 1.5% – Here’s Why

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD)’s share price fell 1.5% on Monday . The company traded as low as $13.67 and last traded at $13.76. 808,186 shares changed hands during trading, an increase of 6% from the average session volume of 760,292 shares. The stock had previously closed at $13.97.

Direxion Daily MSFT Bear 1X Shares Stock Down 0.2%

The stock has a fifty day moving average price of $12.70 and a 200-day moving average price of $11.68.

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

Hedge funds have recently added to or reduced their stakes in the company. Hamilton Wealth LLC acquired a new position in shares of Direxion Daily MSFT Bear 1X Shares during the 4th quarter worth $138,000. Wakefield Asset Management LLLP purchased a new stake in Direxion Daily MSFT Bear 1X Shares during the fourth quarter worth about $986,000. PayPay Securities Corp grew its position in Direxion Daily MSFT Bear 1X Shares by 88.1% during the fourth quarter. PayPay Securities Corp now owns 3,500 shares of the company’s stock worth $40,000 after buying an additional 1,639 shares during the period. Susquehanna International Group LLP acquired a new position in Direxion Daily MSFT Bear 1X Shares during the third quarter worth about $308,000. Finally, Flow Traders U.S. LLC increased its holdings in Direxion Daily MSFT Bear 1X Shares by 11.2% in the third quarter. Flow Traders U.S. LLC now owns 11,585 shares of the company’s stock valued at $125,000 after buying an additional 1,163 shares in the last quarter.

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.