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

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 39,100 shares, a decline of 60.5% from the January 31st total of 98,900 shares. Based on an average daily trading volume, of 77,700 shares, the days-to-cover ratio is currently 0.5 days.

Direxion Daily MSFT Bear 1X Shares Stock Down 1.0 %

Shares of MSFD stock traded down $0.15 during trading hours on Friday, reaching $14.52. 81,406 shares of the stock were exchanged, compared to its average volume of 106,659. Direxion Daily MSFT Bear 1X Shares has a 12-month low of $12.43 and a 12-month high of $15.10. The business’s fifty day moving average is $13.74 and its two-hundred day moving average is $13.76.

Direxion Daily MSFT Bear 1X Shares Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.1495 dividend. The ex-dividend date was Monday, December 23rd.

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

Several institutional investors have recently added to or reduced their stakes in MSFD. Jane Street Group LLC acquired a new position in Direxion Daily MSFT Bear 1X Shares in the 3rd quarter valued at about $179,000. PayPay Securities Corp purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares during the 4th quarter worth approximately $64,000. Virtu Financial LLC purchased a new position in Direxion Daily MSFT Bear 1X Shares in the fourth quarter worth $763,000. Finally, Jump Financial LLC acquired a new stake in shares of Direxion Daily MSFT Bear 1X Shares in the fourth quarter valued at about $341,000.

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.