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

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 493,634 shares, a growth of 1,064.9% from the July 15th total of 42,375 shares. Based on an average daily volume of 1,522,310 shares, the short-interest ratio is presently 0.3 days. Currently, 82.3% of the company’s stock are sold short.

Direxion Daily MSFT Bear 1X Shares Stock Up 0.7%

MSFD stock traded up $0.07 during mid-day trading on Tuesday, reaching $10.25. The company had a trading volume of 2,325,509 shares, compared to its average volume of 1,598,232. The stock has a 50 day simple moving average of $13.15 and a two-hundred day simple moving average of $13.36. Direxion Daily MSFT Bear 1X Shares has a 52 week low of $10.03 and a 52 week high of $15.33.

Direxion Daily MSFT Bear 1X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.1783 dividend. This represents a $0.71 annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

A number of institutional investors have recently added to or reduced their stakes in MSFD. IMC Chicago LLC lifted its stake in Direxion Daily MSFT Bear 1X Shares by 28.5% in the first quarter. IMC Chicago LLC now owns 113,506 shares of the company’s stock valued at $1,673,000 after acquiring an additional 25,146 shares during the last quarter. Wakefield Asset Management LLLP bought a new stake in shares of Direxion Daily MSFT Bear 1X Shares in the 4th quarter valued at about $986,000. Advisory Services Network LLC bought a new stake in shares of Direxion Daily MSFT Bear 1X Shares in the 2nd quarter valued at about $697,000. Citadel Advisors LLC lifted its stake in Direxion Daily MSFT Bear 1X Shares by 207.9% in the 3rd 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 during the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in Direxion Daily MSFT Bear 1X Shares in the 3rd quarter valued at about $308,000.

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.