Short Interest in Direxion Daily MSFT Bear 1X ETF (NASDAQ:MSFD) Expands By 155.3%

Direxion Daily MSFT Bear 1X ETF (NASDAQ:MSFD) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 81,129 shares, an increase of 155.3% from the August 15th total of 31,784 shares. Approximately 13.5% of the company’s stock are sold short. Based on an average daily trading volume, of 1,235,686 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily MSFT Bear 1X ETF Price Performance

Shares of NASDAQ:MSFD traded up $0.14 during trading on Tuesday, reaching $10.32. 316,502 shares of the stock were exchanged, compared to its average volume of 1,548,933. The stock has a fifty day moving average of $11.51 and a two-hundred day moving average of $12.88. Direxion Daily MSFT Bear 1X ETF has a 1-year low of $9.94 and a 1-year high of $15.33.

Institutional Investors Weigh In On Direxion Daily MSFT Bear 1X ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. IMC Chicago LLC grew its stake in shares of 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. Wakefield Asset Management LLLP purchased a new position in Direxion Daily MSFT Bear 1X ETF during the fourth quarter worth about $986,000. Citadel Advisors LLC bought a new stake in Direxion Daily MSFT Bear 1X ETF in the 2nd quarter worth about $466,000. Hamilton Wealth LLC bought a new stake in Direxion Daily MSFT Bear 1X ETF in the 4th quarter worth about $138,000. Finally, Geneos Wealth Management Inc. purchased a new stake in Direxion Daily MSFT Bear 1X ETF in the 1st quarter valued at about $53,000.

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.