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

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

Direxion Daily MSFT Bear 1X Shares Trading Up 2.9 %

MSFD traded up $0.39 during trading on Friday, hitting $14.06. 120,008 shares of the stock traded hands, compared to its average volume of 91,293. The firm has a 50-day moving average of $13.83 and a 200 day moving average of $13.77. Direxion Daily MSFT Bear 1X Shares has a 12-month low of $12.43 and a 12-month high of $16.21.

Direxion Daily MSFT Bear 1X Shares Cuts Dividend

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