Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Shares Up 0.9% – Time to Buy?

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD)’s share price traded up 0.9% during mid-day trading on Wednesday . The stock traded as high as $13.72 and last traded at $13.72. 11,384 shares were traded during mid-day trading, a decline of 87% from the average session volume of 84,808 shares. The stock had previously closed at $13.60.

Direxion Daily MSFT Bear 1X Shares Stock Performance

The stock has a 50-day simple moving average of $13.60 and a 200 day simple moving average of $13.64.

Direxion Daily MSFT Bear 1X Shares Dividend Announcement

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

Hedge Funds 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 acquired a new stake in shares of Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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 as of its most recent filing with the Securities & Exchange Commission.

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.