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

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totalling 8,800 shares, a drop of 67.0% from the December 31st total of 26,700 shares. Based on an average trading volume of 54,800 shares, the short-interest ratio is presently 0.2 days.

Direxion Daily MSFT Bear 1X Shares Stock Down 2.9 %

Shares of NASDAQ MSFD traded down $0.38 during midday trading on Tuesday, hitting $12.92. 59,586 shares of the company’s stock were exchanged, compared to its average volume of 75,792. Direxion Daily MSFT Bear 1X Shares has a 12-month low of $12.43 and a 12-month high of $15.10. The business’s fifty day moving average price is $13.47 and its two-hundred day moving average price is $13.72.

Direxion Daily MSFT Bear 1X Shares Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.1495 dividend. The ex-dividend date was Monday, December 23rd.

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

An institutional investor recently bought a new position in Direxion Daily MSFT Bear 1X Shares stock. Jane Street Group LLC acquired a new position in Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) during the third quarter, according to its most recent filing with the SEC. The firm acquired 13,232 shares of the company’s stock, valued at approximately $179,000. Jane Street Group LLC owned about 2.41% of Direxion Daily MSFT Bear 1X Shares as of its most recent filing with the SEC.

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.