Short Interest in Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Increases By 199.8%

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 213,891 shares, an increase of 199.8% from the March 15th total of 71,348 shares. Based on an average daily volume of 3,286,444 shares, the days-to-cover ratio is currently 0.1 days. Currently, 47.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Hamilton Wealth LLC purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares during the fourth quarter worth approximately $138,000. Wakefield Asset Management LLLP purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares during the fourth quarter worth approximately $986,000. PayPay Securities Corp raised its stake 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. Susquehanna International Group LLP purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares during the third quarter worth approximately $308,000. Finally, Flow Traders U.S. LLC raised its stake in shares of Direxion Daily MSFT Bear 1X Shares by 11.2% during the third quarter. Flow Traders U.S. LLC now owns 11,585 shares of the company’s stock worth $125,000 after acquiring an additional 1,163 shares in the last quarter.

Direxion Daily MSFT Bear 1X Shares Trading Up 0.7%

Direxion Daily MSFT Bear 1X Shares stock traded up $0.10 during mid-day trading on Friday, hitting $14.75. 696,454 shares of the company traded hands, compared to its average volume of 1,311,647. Direxion Daily MSFT Bear 1X Shares has a one year low of $10.06 and a one year high of $15.86. The stock has a fifty day moving average price of $14.02 and a 200-day moving average price of $12.27.

Direxion Daily MSFT Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a dividend of $0.0805 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.32 annualized dividend and a dividend yield of 2.2%.

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.