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

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 42,375 shares, a drop of 54.5% from the June 30th total of 93,100 shares. Based on an average daily volume of 829,569 shares, the short-interest ratio is currently 0.1 days. Approximately 5.7% of the shares of the stock are short sold.

Direxion Daily MSFT Bear 1X Shares Trading Down 1.1%

MSFD traded down $0.15 during trading on Tuesday, hitting $13.45. The company’s stock had a trading volume of 1,096,056 shares, compared to its average volume of 1,469,990. The firm’s 50 day moving average price is $13.49 and its two-hundred day moving average price is $13.43. Direxion Daily MSFT Bear 1X Shares has a 12 month low of $10.06 and a 12 month high of $15.33.

Direxion Daily MSFT Bear 1X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.1783 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.71 dividend on an annualized basis and a dividend yield of 5.3%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC acquired a new stake in Direxion Daily MSFT Bear 1X Shares in the 2nd quarter valued at about $117,000. Advisory Services Network LLC acquired a new position in shares of Direxion Daily MSFT Bear 1X Shares during the second quarter worth approximately $697,000. 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. Citadel Advisors LLC increased its holdings in shares of Direxion Daily MSFT Bear 1X Shares by 207.9% in the third quarter. Citadel Advisors LLC now owns 40,754 shares of the company’s stock valued at $440,000 after purchasing an additional 27,520 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in shares of Direxion Daily MSFT Bear 1X Shares in the third quarter valued at approximately $308,000.

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.