Short Interest in Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Decreases By 24.1%

Posted by Tyrone Williams on Nov 17th, 2024

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD – Get Free Report) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 4,400 shares, a decrease of 24.1% from the October 15th total of 5,800 shares. Based on an average daily volume of 86,700 shares, the days-to-cover ratio is presently 0.1 days.

Direxion Daily MSFT Bear 1X Shares Stock Up 2.9 %

Shares of Direxion Daily MSFT Bear 1X Shares stock traded up $0.39 on Friday, reaching $14.06. 133,015 shares of the company were exchanged, compared to its average volume of 91,352. Direxion Daily MSFT Bear 1X Shares has a 1-year low of $12.43 and a 1-year high of $16.21. The company’s 50-day moving average is $13.82 and its two-hundred day moving average is $13.76.

Direxion Daily MSFT Bear 1X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a $0.1097 dividend. This represents a $0.44 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Tuesday, September 24th.

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

A hedge fund recently bought a new stake in Direxion Daily MSFT Bear 1X Shares stock. Jane Street Group LLC acquired a new stake in Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 13,232 shares of the company’s stock, valued at approximately $179,000. Jane Street Group LLC owned about 2.41% of Direxion Daily MSFT Bear 1X Shares as of its most recent SEC filing.

About Direxion Daily MSFT Bear 1X Shares

(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.