Wakefield Asset Management LLLP Purchases Shares of 85,640 Direxion Daily MSFT Bear 1X Shares $MSFD

Wakefield Asset Management LLLP purchased a new stake in Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 85,640 shares of the company’s stock, valued at approximately $986,000. Wakefield Asset Management LLLP owned 0.13% of Direxion Daily MSFT Bear 1X Shares at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. IMC Chicago LLC acquired a new position in Direxion Daily MSFT Bear 1X Shares in the third quarter valued at approximately $1,372,000. Cibc World Market Inc. lifted its holdings in Direxion Daily MSFT Bear 1X Shares by 49.6% in the third quarter. Cibc World Market Inc. now owns 79,521 shares of the company’s stock valued at $858,000 after acquiring an additional 26,362 shares during the period. Advisory Services Network LLC acquired a new position in Direxion Daily MSFT Bear 1X Shares in the second quarter valued at approximately $697,000. Citadel Advisors LLC lifted its holdings in Direxion Daily MSFT Bear 1X Shares by 207.9% in the third quarter. Citadel Advisors LLC now owns 40,754 shares of the company’s stock valued at $440,000 after acquiring an additional 27,520 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in Direxion Daily MSFT Bear 1X Shares in the third quarter valued at approximately $308,000.

Direxion Daily MSFT Bear 1X Shares Stock Down 3.0%

Shares of MSFD stock opened at $12.89 on Friday. The stock has a 50 day simple moving average of $13.76 and a 200-day simple moving average of $12.65. Direxion Daily MSFT Bear 1X Shares has a 1-year low of $10.06 and a 1-year high of $15.33.

Direxion Daily MSFT Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a dividend of $0.0805 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, March 24th.

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.