Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Sees Large Decrease in Short Interest

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 3,800 shares, a drop of 82.7% from the August 15th total of 22,000 shares. Based on an average trading volume of 97,800 shares, the days-to-cover ratio is presently 0.0 days.

Direxion Daily MSFT Bear 1X Shares Stock Performance

Direxion Daily MSFT Bear 1X Shares stock traded down $0.13 during mid-day trading on Thursday, reaching $13.71. 93,879 shares of the company’s stock were exchanged, compared to its average volume of 94,035. The business’s fifty day simple moving average is $13.76 and its 200 day simple moving average is $13.89. Direxion Daily MSFT Bear 1X Shares has a one year low of $12.43 and a one year high of $18.93.

Direxion Daily MSFT Bear 1X Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th were issued a dividend of $0.2229 per share. The ex-dividend date was Tuesday, June 25th. This represents a $0.89 dividend on an annualized basis and a yield of 6.50%.

Institutional Trading of Direxion Daily MSFT Bear 1X Shares

An institutional investor recently raised its position in Direxion Daily MSFT Bear 1X Shares stock. IMC Chicago LLC boosted its position in Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) by 174.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,953 shares of the company’s stock after purchasing an additional 24,133 shares during the quarter. IMC Chicago LLC owned about 8.08% of Direxion Daily MSFT Bear 1X Shares worth $591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Direxion Daily MSFT Bear 1X Shares

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.