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

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) saw a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 71,713 shares, a decrease of 37.5% from the February 12th total of 114,727 shares. Based on an average trading volume of 466,044 shares, the short-interest ratio is presently 0.2 days. Currently, 10.5% of the company’s stock are sold short. Currently, 10.5% of the company’s stock are sold short. Based on an average trading volume of 466,044 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Direxion Daily MSFT Bear 1X Shares

Several institutional investors have recently modified their holdings of MSFD. Flow Traders U.S. LLC grew its stake in Direxion Daily MSFT Bear 1X Shares by 11.2% in the 3rd quarter. Flow Traders U.S. LLC now owns 11,585 shares of the company’s stock valued at $125,000 after purchasing an additional 1,163 shares during the period. PayPay Securities Corp lifted its position in shares of Direxion Daily MSFT Bear 1X Shares by 88.1% during the fourth quarter. PayPay Securities Corp now owns 3,500 shares of the company’s stock worth $40,000 after acquiring an additional 1,639 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Direxion Daily MSFT Bear 1X Shares by 323.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 7,131 shares of the company’s stock worth $77,000 after purchasing an additional 5,445 shares during the period. Hamilton Wealth LLC bought a new position in shares of Direxion Daily MSFT Bear 1X Shares in the fourth quarter valued at approximately $138,000. Finally, Cibc World Market Inc. boosted its holdings in Direxion Daily MSFT Bear 1X Shares by 49.6% in the 3rd quarter. Cibc World Market Inc. now owns 79,521 shares of the company’s stock valued at $858,000 after purchasing an additional 26,362 shares during the period.

Direxion Daily MSFT Bear 1X Shares Price Performance

MSFD stock traded up $0.23 during mid-day trading on Friday, reaching $13.89. 1,583,757 shares of the company traded hands, compared to its average volume of 907,482. 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 firm’s 50 day moving average price is $12.99 and its 200 day moving average price is $11.80.

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.