Short Interest in Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Grows By 5,212.5%

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 42,500 shares, a growth of 5,212.5% from the March 31st total of 800 shares. Based on an average daily trading volume, of 97,700 shares, the short-interest ratio is currently 0.4 days.

Direxion Daily MSFT Bear 1X Shares Stock Down 1.8 %

Shares of NASDAQ MSFD opened at $14.47 on Friday. Direxion Daily MSFT Bear 1X Shares has a 1-year low of $13.60 and a 1-year high of $20.11. The company has a fifty day moving average price of $14.19 and a 200 day moving average price of $15.26.

Direxion Daily MSFT Bear 1X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were paid a $0.1291 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Tuesday, March 19th.

Hedge Funds Weigh In On Direxion Daily MSFT Bear 1X Shares

An institutional investor recently raised its position in Direxion Daily MSFT Bear 1X Shares stock. IMC Chicago LLC increased its position in Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) by 174.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,953 shares of the company’s stock after purchasing an additional 24,133 shares during the quarter. IMC Chicago LLC owned approximately 8.08% of Direxion Daily MSFT Bear 1X Shares worth $591,000 as of its most recent SEC filing.

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.