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

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 37,000 shares, a drop of 44.2% from the February 28th total of 66,300 shares. Approximately 11.6% of the shares of the company are sold short. Based on an average daily trading volume, of 83,600 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in shares of Direxion Daily MSFT Bear 1X Shares in the third quarter valued at approximately $179,000. PayPay Securities Corp bought a new position in Direxion Daily MSFT Bear 1X Shares during the 4th quarter worth $64,000. Virtu Financial LLC acquired a new position in Direxion Daily MSFT Bear 1X Shares in the 4th quarter valued at $763,000. Finally, Jump Financial LLC acquired a new position in Direxion Daily MSFT Bear 1X Shares in the 4th quarter valued at $341,000.

Direxion Daily MSFT Bear 1X Shares Trading Up 3.0 %

Shares of Direxion Daily MSFT Bear 1X Shares stock traded up $0.44 during trading on Friday, reaching $15.09. The company’s stock had a trading volume of 58,465 shares, compared to its average volume of 95,506. The business’s 50-day moving average price is $14.23 and its 200-day moving average price is $13.86. Direxion Daily MSFT Bear 1X Shares has a 52 week low of $12.43 and a 52 week high of $15.25.

Direxion Daily MSFT Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be issued a $0.106 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Tuesday, March 25th.

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.