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

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 105,670 shares, an increase of 341.8% from the May 14th total of 23,917 shares. Based on an average daily trading volume, of 2,696,222 shares, the short-interest ratio is currently 0.0 days. Currently, 3.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MSFD. PayPay Securities Corp boosted its holdings 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 during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Direxion Daily MSFT Bear 1X Shares during the 1st quarter worth approximately $53,000. SBI Securities Co. Ltd. boosted its holdings in shares of Direxion Daily MSFT Bear 1X Shares by 323.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 7,131 shares of the company’s stock worth $77,000 after purchasing an additional 5,445 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily MSFT Bear 1X Shares during the 2nd quarter worth approximately $117,000. Finally, Hamilton Wealth LLC acquired a new position in shares of Direxion Daily MSFT Bear 1X Shares during the 4th quarter worth approximately $138,000.

Direxion Daily MSFT Bear 1X Shares Price Performance

NASDAQ:MSFD traded up $0.26 during trading hours on Thursday, hitting $13.83. 953,219 shares of the stock were exchanged, compared to its average volume of 1,623,735. Direxion Daily MSFT Bear 1X Shares has a 52-week low of $10.06 and a 52-week high of $15.33. The firm’s fifty day moving average price is $13.27 and its 200 day moving average price is $12.91.

Direxion Daily MSFT Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a dividend of $0.0805 per share. This represents a $0.32 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, March 24th.

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.