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

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

Direxion Daily MSFT Bear 1X Shares Price Performance

MSFD stock remained flat at $13.78 during trading hours on Friday. The company’s stock had a trading volume of 40,801 shares, compared to its average volume of 90,009. Direxion Daily MSFT Bear 1X Shares has a 1 year low of $12.43 and a 1 year high of $16.21. The firm has a 50 day moving average price of $13.86 and a 200-day moving average price of $13.73.

Direxion Daily MSFT Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were given a dividend of $0.1097 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Tuesday, September 24th.

Institutional Trading of 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) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

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.