Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Shares Up 0.2% – Still a Buy?

Shares of Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) shot up 0.2% during mid-day trading on Tuesday . The company traded as high as $11.00 and last traded at $10.96. 170,087 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 185,508 shares. The stock had previously closed at $10.94.

Direxion Daily MSFT Bear 1X Shares Stock Up 0.2%

The business has a 50 day moving average of $10.98 and a 200-day moving average of $12.46.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares during the 2nd quarter worth $697,000. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares during the 2nd quarter worth $117,000. Jump Financial LLC lifted its stake in shares of Direxion Daily MSFT Bear 1X Shares by 24.3% during the 1st quarter. Jump Financial LLC now owns 30,853 shares of the company’s stock worth $470,000 after purchasing an additional 6,028 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of Direxion Daily MSFT Bear 1X Shares by 20.9% during the 4th quarter. Jane Street Group LLC now owns 16,003 shares of the company’s stock worth $220,000 after purchasing an additional 2,771 shares during the period.

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.