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 decline in short interest in the month of May. As of May 15th, there was short interest totaling 23,917 shares, a decline of 49.1% from the April 30th total of 47,009 shares. Based on an average daily volume of 2,617,837 shares, the short-interest ratio is presently 0.0 days. Approximately 0.8% of the company’s shares are sold short.

Institutional Trading of Direxion Daily MSFT Bear 1X Shares

Institutional investors have recently added to or reduced their stakes in the company. PayPay Securities Corp boosted its holdings in shares of Direxion Daily MSFT Bear 1X Shares by 88.1% in the 4th quarter. PayPay Securities Corp now owns 3,500 shares of the company’s stock valued at $40,000 after purchasing an additional 1,639 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in Direxion Daily MSFT Bear 1X Shares during the 1st quarter valued at about $53,000. SBI Securities Co. Ltd. boosted its stake in Direxion Daily MSFT Bear 1X Shares by 323.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 7,131 shares of the company’s stock valued at $77,000 after purchasing an additional 5,445 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares in the 2nd quarter worth approximately $117,000. Finally, Hamilton Wealth LLC purchased a new position in Direxion Daily MSFT Bear 1X Shares in the fourth quarter valued at approximately $138,000.

Direxion Daily MSFT Bear 1X Shares Price Performance

Shares of Direxion Daily MSFT Bear 1X Shares stock remained flat at $11.75 during trading on Tuesday. The company had a trading volume of 1,324,414 shares, compared to its average volume of 1,655,599. Direxion Daily MSFT Bear 1X Shares has a twelve month low of $10.06 and a twelve month high of $15.33. The business’s fifty day simple moving average is $13.56 and its 200-day simple moving average is $12.82.

Direxion Daily MSFT Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a dividend of $0.0805 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, March 24th.

About Direxion Daily MSFT Bear 1X Shares

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.