Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Short Interest Down 44.2% in March

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

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

A number of large investors have recently bought and sold shares of the stock. Jane Street Group LLC raised its holdings in shares of Direxion Daily MSFT Bear 1X Shares by 20.9% in the fourth quarter. Jane Street Group LLC now owns 16,003 shares of the company’s stock worth $220,000 after acquiring an additional 2,771 shares during the last quarter. Jump Financial LLC purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares in the 4th quarter worth $341,000. Virtu Financial LLC acquired a new position in shares of Direxion Daily MSFT Bear 1X Shares in the 4th quarter valued at about $763,000. Finally, PayPay Securities Corp purchased a new stake in shares of Direxion Daily MSFT Bear 1X Shares during the 4th quarter worth about $64,000.

Direxion Daily MSFT Bear 1X Shares Stock Down 0.1 %

Shares of NASDAQ MSFD opened at $14.65 on Friday. The firm’s 50-day moving average is $14.20 and its two-hundred day moving average is $13.86. Direxion Daily MSFT Bear 1X Shares has a 12-month low of $12.43 and a 12-month high of $15.25.

Direxion Daily MSFT Bear 1X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a dividend of $0.106 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.42 annualized dividend and a dividend yield of 2.89%.

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.