Direxion Daily MSFT Bear 1X ETF (NASDAQ:MSFD – Get Free Report) saw a significant decline in short interest in October. As of October 30th, there was short interest totaling 29,299 shares, a decline of 77.2% from the October 15th total of 128,489 shares. Approximately 2.8% of the company’s stock are sold short. Based on an average trading volume of 2,540,803 shares, the short-interest ratio is currently 0.0 days.
Institutional Trading of Direxion Daily MSFT Bear 1X ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cibc World Market Inc. purchased a new stake in shares of Direxion Daily MSFT Bear 1X ETF in the third quarter worth approximately $381,000. StoneX Group Inc. purchased a new position in shares of Direxion Daily MSFT Bear 1X ETF during the third quarter valued at approximately $395,000. PayPay Securities Corp boosted its position in shares of Direxion Daily MSFT Bear 1X ETF by 47.5% during the third quarter. PayPay Securities Corp now owns 3,798 shares of the company’s stock valued at $38,000 after buying an additional 1,223 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of Direxion Daily MSFT Bear 1X ETF during the second quarter valued at approximately $466,000. Finally, IMC Chicago LLC grew its holdings in Direxion Daily MSFT Bear 1X ETF by 28.5% during the first quarter. IMC Chicago LLC now owns 113,506 shares of the company’s stock worth $1,673,000 after buying an additional 25,146 shares in the last quarter.
Direxion Daily MSFT Bear 1X ETF Stock Down 0.4%
Shares of NASDAQ MSFD opened at $9.74 on Thursday. Direxion Daily MSFT Bear 1X ETF has a fifty-two week low of $9.12 and a fifty-two week high of $15.33. The firm’s 50-day simple moving average is $9.90 and its 200 day simple moving average is $12.28.
Direxion Daily MSFT Bear 1X ETF 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.
See Also
- Five stocks we like better than Direxion Daily MSFT Bear 1X ETF
- The Post-Midterm Rally Clock Is Ticking—and These 3 AI Stocks Stand Out
- Hims & Hers Bounced Back 9%, But Its Earnings Reveal a Costly Trade-Off
- Palantir’s Real Washington Risk Isn’t the Budget—It’s Oversight
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
Receive News & Ratings for Direxion Daily MSFT Bear 1X ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily MSFT Bear 1X ETF and related companies with MarketBeat.com's FREE daily email newsletter.
