Direxion Daily MSFT Bear 1X ETF (NASDAQ:MSFD – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 81,129 shares, an increase of 155.3% from the August 15th total of 31,784 shares. Based on an average daily volume of 1,235,686 shares, the days-to-cover ratio is presently 0.1 days. Approximately 13.5% of the company’s stock are short sold.
Hedge Funds Weigh In On Direxion Daily MSFT Bear 1X ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wakefield Asset Management LLLP purchased a new stake in shares of Direxion Daily MSFT Bear 1X ETF during the 4th quarter valued at approximately $986,000. Susquehanna International Group LLP bought a new stake in shares of Direxion Daily MSFT Bear 1X ETF during the 3rd quarter valued at $308,000. Flow Traders U.S. LLC boosted its stake in Direxion Daily MSFT Bear 1X ETF by 11.2% in the 3rd quarter. Flow Traders U.S. LLC now owns 11,585 shares of the company’s stock worth $125,000 after purchasing an additional 1,163 shares during the period. Citadel Advisors LLC grew its holdings in Direxion Daily MSFT Bear 1X ETF by 207.9% during the 3rd quarter. Citadel Advisors LLC now owns 40,754 shares of the company’s stock valued at $440,000 after buying an additional 27,520 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Direxion Daily MSFT Bear 1X ETF in the third quarter worth about $292,000.
Direxion Daily MSFT Bear 1X ETF Stock Down 0.8%
Shares of Direxion Daily MSFT Bear 1X ETF stock opened at $10.38 on Friday. The stock has a fifty day moving average price of $11.58 and a 200-day moving average price of $12.92. Direxion Daily MSFT Bear 1X ETF has a 1 year low of $9.94 and a 1 year high of $15.33.
About Direxion Daily MSFT Bear 1X ETF
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.
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