Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Short Interest Update

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 8,800 shares, a decrease of 67.0% from the December 31st total of 26,700 shares. Based on an average daily trading volume, of 54,800 shares, the short-interest ratio is currently 0.2 days.

Direxion Daily MSFT Bear 1X Shares Stock Performance

Shares of Direxion Daily MSFT Bear 1X Shares stock traded down $0.38 during trading hours on Tuesday, reaching $12.92. The company’s stock had a trading volume of 59,586 shares, compared to its average volume of 75,792. The firm has a 50 day moving average price of $13.47 and a 200-day moving average price of $13.72. Direxion Daily MSFT Bear 1X Shares has a one year low of $12.43 and a one year high of $15.10.

Direxion Daily MSFT Bear 1X Shares Dividend Announcement

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

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 purchased a new position in Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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 at the end of the most recent quarter.

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.