85,640 Shares in Direxion Daily MSFT Bear 1X Shares $MSFD Purchased by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP bought a new position in shares of Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 85,640 shares of the company’s stock, valued at approximately $986,000. Wakefield Asset Management LLLP owned 12.59% of Direxion Daily MSFT Bear 1X Shares as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSFD. IMC Chicago LLC acquired a new stake in shares of Direxion Daily MSFT Bear 1X Shares during the third quarter worth about $1,372,000. Advisory Services Network LLC acquired a new stake in shares of Direxion Daily MSFT Bear 1X Shares during the second quarter worth about $697,000. Susquehanna International Group LLP acquired a new stake in shares of Direxion Daily MSFT Bear 1X Shares during the third quarter worth about $308,000. Citadel Advisors LLC lifted its holdings 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 during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily MSFT Bear 1X Shares during the third quarter worth about $292,000.

Direxion Daily MSFT Bear 1X Shares Price Performance

Shares of NASDAQ:MSFD opened at $12.89 on Friday. Direxion Daily MSFT Bear 1X Shares has a 12-month low of $10.06 and a 12-month high of $15.33. The business has a 50 day moving average of $13.76 and a two-hundred day moving average of $12.65.

Direxion Daily MSFT Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a $0.0805 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.32 dividend on an annualized basis and a yield of 2.5%.

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.