Direxion Daily MSFT Bear 1X ETF (NASDAQ:MSFD) Stock Short Interest Report for October

Direxion Daily MSFT Bear 1X ETF (NASDAQ:MSFD) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 128,489 shares, an increase of 63.0% from the September 30th total of 78,850 shares. Approximately 14.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,376,140 shares, the short-interest ratio is currently 0.1 days.

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

Several hedge funds have recently modified their holdings of MSFD. PayPay Securities Corp lifted its holdings in shares of Direxion Daily MSFT Bear 1X ETF by 47.5% in the third quarter. PayPay Securities Corp now owns 3,798 shares of the company’s stock valued at $38,000 after buying an additional 1,223 shares during the period. Geneos Wealth Management Inc. acquired a new stake in Direxion Daily MSFT Bear 1X ETF in the 1st quarter valued at about $53,000. IMC Chicago LLC lifted its holdings in Direxion Daily MSFT Bear 1X ETF by 28.5% in the 1st quarter. IMC Chicago LLC now owns 113,506 shares of the company’s stock valued at $1,673,000 after acquiring an additional 25,146 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Direxion Daily MSFT Bear 1X ETF during the 2nd quarter valued at about $466,000.

Direxion Daily MSFT Bear 1X ETF Stock Down 1.0%

Shares of MSFD stock traded down $0.10 during midday trading on Monday, reaching $9.72. 620,280 shares of the company were exchanged, compared to its average volume of 1,586,544. The company’s 50 day moving average price is $10.02 and its two-hundred day moving average price is $12.38. Direxion Daily MSFT Bear 1X ETF has a 12 month low of $9.29 and a 12 month high of $15.33.

Direxion Daily MSFT Bear 1X ETF 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.