Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Trading 1.6% Higher – Here’s What Happened

Shares of Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFDGet Free Report) were up 1.6% during trading on Tuesday . The stock traded as high as $13.98 and last traded at $13.77. 917,793 shares were traded during trading, a decline of 40% from the average session volume of 1,526,306 shares. The stock had previously closed at $13.55.

Direxion Daily MSFT Bear 1X Shares Price Performance

The company’s 50 day simple moving average is $13.44 and its two-hundred day simple moving average is $13.32.

Direxion Daily MSFT Bear 1X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.1783 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.71 dividend on an annualized basis and a yield of 5.4%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MSFD. PayPay Securities Corp raised its stake in shares of Direxion Daily MSFT Bear 1X Shares by 88.1% during the 4th quarter. PayPay Securities Corp now owns 3,500 shares of the company’s stock worth $40,000 after purchasing an additional 1,639 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in Direxion Daily MSFT Bear 1X Shares in the first quarter worth approximately $53,000. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily MSFT Bear 1X Shares during the 2nd quarter worth $117,000. Hamilton Wealth LLC acquired a new position in shares of Direxion Daily MSFT Bear 1X Shares during the 4th quarter worth $138,000. Finally, Virtu Financial LLC bought a new position in shares of Direxion Daily MSFT Bear 1X Shares during the 3rd quarter valued at $292,000.

Direxion Daily MSFT Bear 1X Shares Company Profile

(Get Free Report)

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.

Further Reading

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