Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Short Interest Up 61.4% in November

Posted by Erica Schwartz on Nov 29th, 2024

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD – Get Free Report) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 7,100 shares, a growth of 61.4% from the October 31st total of 4,400 shares. Based on an average daily volume of 83,800 shares, the days-to-cover ratio is currently 0.1 days.

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

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

Direxion Daily MSFT Bear 1X Shares Trading Up 1.2 %

MSFD opened at $13.78 on Friday. The company has a 50 day simple moving average of $13.85 and a two-hundred day simple moving average of $13.73. Direxion Daily MSFT Bear 1X Shares has a 1-year low of $12.43 and a 1-year high of $16.21.

Direxion Daily MSFT Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a $0.1097 dividend. This represents a $0.44 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Tuesday, September 24th.

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.