Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Sees Significant Decrease in Short Interest

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 37,000 shares, a decline of 44.2% from the February 28th total of 66,300 shares. Based on an average daily trading volume, of 83,600 shares, the short-interest ratio is presently 0.4 days. Currently, 11.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC increased its holdings in Direxion Daily MSFT Bear 1X Shares by 20.9% in 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 period. Jump Financial LLC acquired a new stake in shares of Direxion Daily MSFT Bear 1X Shares in the fourth quarter worth $341,000. Virtu Financial LLC purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares during the fourth quarter worth $763,000. Finally, PayPay Securities Corp purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares during the fourth quarter worth $64,000.

Direxion Daily MSFT Bear 1X Shares Price Performance

Shares of MSFD traded up $0.44 during trading hours on Friday, reaching $15.09. 58,465 shares of the company traded hands, compared to its average volume of 95,506. The business has a fifty day moving average price of $14.23 and a 200-day moving average price of $13.87. Direxion Daily MSFT Bear 1X Shares has a 12-month low of $12.43 and a 12-month high of $15.25.

Direxion Daily MSFT Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be issued a $0.106 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Tuesday, March 25th.

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.