Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Short Interest Down 60.5% in February

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 39,100 shares, a decline of 60.5% from the January 31st total of 98,900 shares. Based on an average trading volume of 77,700 shares, the short-interest ratio is presently 0.5 days.

Direxion Daily MSFT Bear 1X Shares Stock Up 1.9 %

NASDAQ:MSFD opened at $14.67 on Friday. Direxion Daily MSFT Bear 1X Shares has a twelve month low of $12.43 and a twelve month high of $15.10. The business has a 50 day moving average price of $13.71 and a two-hundred day moving average price of $13.76.

Direxion Daily MSFT Bear 1X Shares Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.1495 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its stake in shares of Direxion Daily MSFT Bear 1X Shares by 20.9% during the 4th quarter. Jane Street Group LLC now owns 16,003 shares of the company’s stock worth $220,000 after buying an additional 2,771 shares during the last quarter. Jump Financial LLC bought a new stake in Direxion Daily MSFT Bear 1X Shares during the fourth quarter worth about $341,000. Virtu Financial LLC bought a new stake in Direxion Daily MSFT Bear 1X Shares during the fourth quarter worth about $763,000. Finally, PayPay Securities Corp acquired a new position in Direxion Daily MSFT Bear 1X Shares during the fourth quarter valued at approximately $64,000.

About Direxion Daily MSFT Bear 1X Shares

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.