Direxion Daily MSFT Bear 1X ETF (NASDAQ:MSFD – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 29,299 shares, a decrease of 77.2% from the October 15th total of 128,489 shares. Currently, 2.8% of the company’s shares are sold short. Based on an average daily volume of 2,540,803 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of MSFD. Geneos Wealth Management Inc. purchased a new stake in Direxion Daily MSFT Bear 1X ETF in the first quarter valued at approximately $53,000. PayPay Securities Corp raised its stake in Direxion Daily MSFT Bear 1X ETF by 47.5% during the third quarter. PayPay Securities Corp now owns 3,798 shares of the company’s stock worth $38,000 after purchasing an additional 1,223 shares during the period. Citadel Advisors LLC purchased a new position in Direxion Daily MSFT Bear 1X ETF during the second quarter worth approximately $466,000. Cibc World Market Inc. purchased a new position in Direxion Daily MSFT Bear 1X ETF during the third quarter worth approximately $381,000. Finally, StoneX Group Inc. acquired a new position in shares of Direxion Daily MSFT Bear 1X ETF in the 3rd quarter valued at $395,000.
Direxion Daily MSFT Bear 1X ETF Stock Performance
NASDAQ MSFD traded down $0.03 during trading hours on Friday, hitting $9.71. 1,432,732 shares of the company’s stock were exchanged, compared to its average volume of 1,610,841. The business’s 50 day moving average is $9.89 and its 200-day moving average is $12.27. Direxion Daily MSFT Bear 1X ETF has a 12-month low of $9.12 and a 12-month 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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