Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Short Interest Down 93.6% in August

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 31,784 shares, a decline of 93.6% from the July 30th total of 493,634 shares. Approximately 5.3% of the company’s stock are sold short. Based on an average daily volume of 2,689,775 shares, the short-interest ratio is currently 0.0 days.

Direxion Daily MSFT Bear 1X Shares Stock Performance

NASDAQ:MSFD traded down $0.19 during trading hours on Thursday, hitting $10.19. The company’s stock had a trading volume of 2,087,970 shares, compared to its average volume of 1,568,665. Direxion Daily MSFT Bear 1X Shares has a 52-week low of $10.03 and a 52-week high of $15.33. The stock has a fifty day moving average of $12.52 and a 200-day moving average of $13.20.

Direxion Daily MSFT Bear 1X Shares Announces Dividend

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

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

Several hedge funds and other institutional investors have recently made changes to their positions in MSFD. IMC Chicago LLC boosted its holdings in Direxion Daily MSFT Bear 1X Shares by 28.5% in the first quarter. IMC Chicago LLC now owns 113,506 shares of the company’s stock valued at $1,673,000 after purchasing an additional 25,146 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Direxion Daily MSFT Bear 1X Shares during the 1st quarter worth approximately $53,000. Hamilton Wealth LLC purchased a new stake in shares of Direxion Daily MSFT Bear 1X Shares during the 4th quarter worth approximately $138,000. Wakefield Asset Management LLLP purchased a new stake in shares of Direxion Daily MSFT Bear 1X Shares during the 4th quarter worth approximately $986,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares in the 3rd quarter valued at $308,000.

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.