Short Interest in Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Increases By 69.6%

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 66,300 shares, a growth of 69.6% from the February 13th total of 39,100 shares. Approximately 20.7% of the company’s shares are short sold. Based on an average daily volume of 81,000 shares, the days-to-cover ratio is currently 0.8 days.

Direxion Daily MSFT Bear 1X Shares Trading Down 2.6 %

NASDAQ MSFD traded down $0.39 during trading hours on Friday, hitting $14.81. 89,303 shares of the company’s stock were exchanged, compared to its average volume of 95,363. The stock has a 50-day simple moving average of $14.01 and a 200 day simple moving average of $13.83. Direxion Daily MSFT Bear 1X Shares has a 1-year low of $12.43 and a 1-year high of $15.25.

Direxion Daily MSFT Bear 1X Shares Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.1495 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Direxion Daily MSFT Bear 1X Shares

A number of hedge funds have recently bought and sold shares of MSFD. PayPay Securities Corp purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares in the fourth quarter valued at $64,000. Jane Street Group LLC bought a new stake in shares of Direxion Daily MSFT Bear 1X Shares in the 3rd quarter valued at about $179,000. Jump Financial LLC bought a new stake in shares of Direxion Daily MSFT Bear 1X Shares in the 4th quarter valued at about $341,000. Finally, Virtu Financial LLC bought a new stake in shares of Direxion Daily MSFT Bear 1X Shares in the 4th quarter valued at about $763,000.

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.