Short Interest in Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Declines By 54.5%

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 42,375 shares, a decline of 54.5% from the June 30th total of 93,100 shares. Based on an average trading volume of 829,569 shares, the short-interest ratio is presently 0.1 days. Approximately 5.7% of the company’s stock are sold short.

Institutional Trading of Direxion Daily MSFT Bear 1X Shares

Several large investors have recently made changes to their positions in the company. Flow Traders U.S. LLC increased its position in Direxion Daily MSFT Bear 1X Shares by 11.2% in the 3rd quarter. Flow Traders U.S. LLC now owns 11,585 shares of the company’s stock valued at $125,000 after buying an additional 1,163 shares in the last quarter. PayPay Securities Corp boosted its holdings in Direxion Daily MSFT Bear 1X Shares by 88.1% in the fourth quarter. PayPay Securities Corp now owns 3,500 shares of the company’s stock worth $40,000 after acquiring an additional 1,639 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in Direxion Daily MSFT Bear 1X Shares in the first quarter valued at approximately $53,000. Hamilton Wealth LLC acquired a new stake in Direxion Daily MSFT Bear 1X Shares in the fourth quarter valued at approximately $138,000. Finally, IMC Chicago LLC increased its holdings in shares of Direxion Daily MSFT Bear 1X Shares by 28.5% during the first quarter. IMC Chicago LLC now owns 113,506 shares of the company’s stock valued at $1,673,000 after acquiring an additional 25,146 shares in the last quarter.

Direxion Daily MSFT Bear 1X Shares Stock Up 0.6%

NASDAQ MSFD traded up $0.08 on Wednesday, hitting $13.53. 2,438,128 shares of the company were exchanged, compared to its average volume of 1,476,711. The stock has a fifty day moving average of $13.50 and a 200-day moving average of $13.44. Direxion Daily MSFT Bear 1X Shares has a 12 month low of $10.06 and a 12 month high of $15.33.

Direxion Daily MSFT Bear 1X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.1783 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.71 annualized dividend and a dividend yield of 5.3%.

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.