Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Short Interest Update

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 24,200 shares, an increase of 240.8% from the November 15th total of 7,100 shares. Based on an average trading volume of 77,400 shares, the short-interest ratio is currently 0.3 days.

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

A hedge fund recently bought a new stake in Direxion Daily MSFT Bear 1X Shares stock. Jane Street Group LLC acquired a new position in Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,232 shares of the company’s stock, valued at approximately $179,000. Jane Street Group LLC owned about 2.41% of Direxion Daily MSFT Bear 1X Shares as of its most recent filing with the Securities and Exchange Commission (SEC).

Direxion Daily MSFT Bear 1X Shares Price Performance

Shares of NASDAQ:MSFD traded down $0.01 during midday trading on Thursday, hitting $12.99. 21,507 shares of the stock were exchanged, compared to its average volume of 87,806. Direxion Daily MSFT Bear 1X Shares has a 52-week low of $12.43 and a 52-week high of $16.20. The business’s fifty day simple moving average is $13.78 and its two-hundred day simple moving average is $13.69.

Direxion Daily MSFT Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a $0.1097 dividend. This represents a $0.44 annualized dividend and a yield of 3.38%. The ex-dividend date was Tuesday, September 24th.

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.