Direxion Daily MSFT Bear 1X ETF (NASDAQ:MSFD – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 128,489 shares, a growth of 63.0% from the September 30th total of 78,850 shares. Approximately 14.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,376,140 shares, the short-interest ratio is presently 0.1 days.
Institutional Trading of Direxion Daily MSFT Bear 1X ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new position in shares of Direxion Daily MSFT Bear 1X ETF in the second quarter worth about $466,000. IMC Chicago LLC lifted its stake in Direxion Daily MSFT Bear 1X ETF by 28.5% in the 1st quarter. IMC Chicago LLC now owns 113,506 shares of the company’s stock worth $1,673,000 after acquiring an additional 25,146 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in Direxion Daily MSFT Bear 1X ETF during the 1st quarter worth about $53,000. Finally, PayPay Securities Corp grew its stake in Direxion Daily MSFT Bear 1X ETF by 47.5% during the 3rd quarter. PayPay Securities Corp now owns 3,798 shares of the company’s stock valued at $38,000 after acquiring an additional 1,223 shares in the last quarter.
Direxion Daily MSFT Bear 1X ETF Price Performance
Shares of NASDAQ MSFD traded down $0.10 during trading on Monday, hitting $9.72. The company had a trading volume of 620,280 shares, compared to its average volume of 1,586,544. The business’s 50-day moving average is $10.02 and its 200 day moving average is $12.38. Direxion Daily MSFT Bear 1X ETF has a 52 week low of $9.29 and a 52 week high of $15.33.
Direxion Daily MSFT Bear 1X ETF 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.
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