Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Short Interest Down 78.5% in December

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 25,288 shares, a drop of 78.5% from the December 15th total of 117,772 shares. Currently, 3.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 210,432 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 210,432 shares, the short-interest ratio is currently 0.1 days. Currently, 3.6% of the shares of the stock are sold short.

Direxion Daily MSFT Bear 1X Shares Stock Up 1.8%

Shares of MSFD traded up $0.22 on Tuesday, hitting $11.90. The company’s stock had a trading volume of 274,312 shares, compared to its average volume of 323,147. Direxion Daily MSFT Bear 1X Shares has a fifty-two week low of $10.06 and a fifty-two week high of $16.53. The company has a 50 day moving average price of $11.47 and a 200 day moving average price of $11.13.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. IMC Chicago LLC acquired a new position in Direxion Daily MSFT Bear 1X Shares during the 3rd quarter worth about $1,372,000. Advisory Services Network LLC bought a new position in shares of Direxion Daily MSFT Bear 1X Shares in the second quarter worth about $697,000. Susquehanna International Group LLP bought a new position in shares of Direxion Daily MSFT Bear 1X Shares in the third quarter worth about $308,000. Citadel Advisors LLC lifted its position in shares of Direxion Daily MSFT Bear 1X Shares by 207.9% during the third quarter. Citadel Advisors LLC now owns 40,754 shares of the company’s stock worth $440,000 after purchasing an additional 27,520 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Direxion Daily MSFT Bear 1X Shares during the third quarter valued at approximately $292,000.

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.