Direxion Daily MSFT Bear 1X ETF (NASDAQ:MSFD) Stock Falls 0.3% – Time to Sell?

Direxion Daily MSFT Bear 1X ETF (NASDAQ:MSFD)’s stock price was down 0.3% during trading on Tuesday. The stock traded as low as $9.29 and last traded at $9.43. Approximately 1,699,992 shares were traded during mid-day trading, an increase of 11% from the average session volume of 1,537,129 shares. The stock had previously closed at $9.46.

Direxion Daily MSFT Bear 1X ETF Stock Down 1.0%

The company has a 50-day moving average price of $10.20 and a two-hundred day moving average price of $12.28.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new stake in shares of Direxion Daily MSFT Bear 1X ETF during the second quarter valued at approximately $466,000. IMC Chicago LLC boosted its stake in shares of Direxion Daily MSFT Bear 1X ETF 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 during the period. Geneos Wealth Management Inc. purchased a new position in shares of Direxion Daily MSFT Bear 1X ETF in the first quarter valued at $53,000. Finally, Hamilton Wealth LLC acquired a new stake in Direxion Daily MSFT Bear 1X ETF during the 4th quarter valued at $138,000.

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.