Direxion Daily MSFT Bear 1X ETF (NASDAQ:MSFD – Get Free Report) was the target of a large decline in short interest in October. As of October 30th, there was short interest totaling 29,299 shares, a decline of 77.2% from the October 15th total of 128,489 shares. Based on an average daily trading volume, of 2,540,803 shares, the short-interest ratio is presently 0.0 days. Currently, 2.8% of the company’s stock are sold short.
Direxion Daily MSFT Bear 1X ETF Trading Down 0.4%
Shares of NASDAQ:MSFD opened at $9.74 on Thursday. The business’s 50 day simple moving average is $9.90 and its two-hundred day simple moving average is $12.28. Direxion Daily MSFT Bear 1X ETF has a 52-week low of $9.12 and a 52-week high of $15.33.
Hedge Funds Weigh In On Direxion Daily MSFT Bear 1X ETF
A number of institutional investors have recently modified their holdings of the company. PayPay Securities Corp lifted its holdings in shares of Direxion Daily MSFT Bear 1X ETF by 47.5% in the 3rd quarter. PayPay Securities Corp now owns 3,798 shares of the company’s stock worth $38,000 after purchasing an additional 1,223 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in Direxion Daily MSFT Bear 1X ETF during the 1st quarter valued at $53,000. Cibc World Market Inc. bought a new stake in Direxion Daily MSFT Bear 1X ETF during the 3rd quarter valued at $381,000. StoneX Group Inc. bought a new stake in Direxion Daily MSFT Bear 1X ETF during the 3rd quarter valued at $395,000. Finally, Citadel Advisors LLC acquired a new position in Direxion Daily MSFT Bear 1X ETF during the second quarter worth $466,000.
Direxion Daily MSFT Bear 1X ETF 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.
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