Short Interest in Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Expands By 1,064.9%

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 493,634 shares, an increase of 1,064.9% from the July 15th total of 42,375 shares. Based on an average daily trading volume, of 1,522,310 shares, the short-interest ratio is currently 0.3 days. Currently, 82.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Direxion Daily MSFT Bear 1X Shares

Several institutional investors and hedge funds have recently modified their holdings of MSFD. PayPay Securities Corp raised its position in shares of 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 valued at $40,000 after purchasing an additional 1,639 shares during the period. Geneos Wealth Management Inc. bought a new stake in shares of Direxion Daily MSFT Bear 1X Shares during the 1st quarter worth about $53,000. Flow Traders U.S. LLC acquired a new position in Direxion Daily MSFT Bear 1X Shares in the 2nd quarter valued at about $117,000. Hamilton Wealth LLC acquired a new position in Direxion Daily MSFT Bear 1X Shares in the 4th quarter valued at about $138,000. Finally, Virtu Financial LLC bought a new position in Direxion Daily MSFT Bear 1X Shares in the 3rd quarter valued at about $292,000.

Direxion Daily MSFT Bear 1X Shares Stock Performance

Shares of NASDAQ MSFD traded up $0.07 during midday trading on Tuesday, hitting $10.25. 2,325,509 shares of the company’s stock were exchanged, compared to its average volume of 1,598,232. Direxion Daily MSFT Bear 1X Shares has a 12 month low of $10.03 and a 12 month high of $15.33. The company’s 50 day moving average price is $13.15 and its 200 day moving average price is $13.36.

Direxion Daily MSFT Bear 1X Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.1783 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.71 annualized dividend and a yield of 7.0%.

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.