Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Short Interest Down 98.4% in August

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) was the target of a large drop in short interest in August. As of August 15th, there was short interest totaling 10,900 shares, adropof98.4% from the July 31st total of 662,000 shares. Based on an average daily volume of 251,400 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 251,400 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares during the 2nd quarter worth approximately $117,000. Jane Street Group LLC boosted its position in Direxion Daily MSFT Bear 1X Shares by 20.9% during the fourth quarter. Jane Street Group LLC now owns 16,003 shares of the company’s stock worth $220,000 after acquiring an additional 2,771 shares during the last quarter. Jump Financial LLC boosted its position in Direxion Daily MSFT Bear 1X Shares by 24.3% during the first quarter. Jump Financial LLC now owns 30,853 shares of the company’s stock worth $470,000 after acquiring an additional 6,028 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Direxion Daily MSFT Bear 1X Shares during the second quarter worth approximately $697,000.

Direxion Daily MSFT Bear 1X Shares Price Performance

Shares of MSFD opened at $11.13 on Wednesday. The firm has a 50 day simple moving average of $11.02 and a 200-day simple moving average of $12.80. Direxion Daily MSFT Bear 1X Shares has a 1-year low of $10.06 and a 1-year high of $16.53.

Direxion Daily MSFT Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were paid a dividend of $0.0886 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, June 24th.

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.