Direxion Daily MSFT Bear 1X ETF (NASDAQ:MSFD) Stock Short Interest Rises 63.0%

Direxion Daily MSFT Bear 1X ETF (NASDAQ:MSFD) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 128,489 shares, an increase of 63.0% from the September 30th total of 78,850 shares. Currently, 14.3% of the company’s stock are short sold. Based on an average trading volume of 1,376,140 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily MSFT Bear 1X ETF Stock Performance

Shares of NASDAQ MSFD opened at $9.83 on Wednesday. Direxion Daily MSFT Bear 1X ETF has a 1-year low of $9.29 and a 1-year high of $15.33. The business has a fifty day moving average price of $9.99 and a 200 day moving average price of $12.36.

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

A number of large investors have recently added to or reduced their stakes in MSFD. StoneX Group Inc. bought a new stake in shares of Direxion Daily MSFT Bear 1X ETF in the 3rd quarter valued at about $395,000. PayPay Securities Corp grew its position 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 buying an additional 1,223 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of Direxion Daily MSFT Bear 1X ETF in the 2nd quarter worth approximately $466,000. Geneos Wealth Management Inc. bought a new position in shares of Direxion Daily MSFT Bear 1X ETF during the 1st quarter worth approximately $53,000. Finally, IMC Chicago LLC raised its stake in shares of Direxion Daily MSFT Bear 1X ETF by 28.5% during the 1st quarter. IMC Chicago LLC now owns 113,506 shares of the company’s stock worth $1,673,000 after acquiring an additional 25,146 shares in the last quarter.

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.