Short Interest in Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Declines By 93.6%

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 31,784 shares, a drop of 93.6% from the July 30th total of 493,634 shares. Based on an average daily trading volume, of 2,689,775 shares, the short-interest ratio is presently 0.0 days. Currently, 5.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. bought a new stake in Direxion Daily MSFT Bear 1X Shares during the first quarter valued at about $53,000. Flow Traders U.S. LLC acquired a new stake in Direxion Daily MSFT Bear 1X Shares in the 2nd quarter valued at approximately $117,000. Hamilton Wealth LLC bought a new position in Direxion Daily MSFT Bear 1X Shares in the 4th quarter worth approximately $138,000. Virtu Financial LLC acquired a new position in shares of Direxion Daily MSFT Bear 1X Shares during the third quarter worth approximately $292,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Direxion Daily MSFT Bear 1X Shares in the third quarter valued at approximately $308,000.

Direxion Daily MSFT Bear 1X Shares Stock Performance

Shares of MSFD traded down $0.05 during trading hours on Wednesday, hitting $10.42. 380,019 shares of the company were exchanged, compared to its average volume of 1,563,549. The firm’s 50 day moving average is $12.60 and its 200-day moving average is $13.23. Direxion Daily MSFT Bear 1X Shares has a 52 week low of $10.03 and a 52 week high of $15.33.

Direxion Daily MSFT Bear 1X Shares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.1783 per share. This represents a $0.71 annualized dividend and a yield of 6.8%. The ex-dividend date was Tuesday, June 23rd.

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.