Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Short Interest Update

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 25,288 shares, a decline of 78.5% from the December 15th total of 117,772 shares. Based on an average daily volume of 210,432 shares, the short-interest ratio is currently 0.1 days. Currently, 3.6% of the shares of the stock are short sold. Currently, 3.6% of the shares of the stock are short sold. Based on an average daily volume of 210,432 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily MSFT Bear 1X Shares Price Performance

MSFD stock traded up $0.08 during trading on Thursday, hitting $12.21. 698,067 shares of the company’s stock traded hands, compared to its average volume of 413,765. Direxion Daily MSFT Bear 1X Shares has a 52 week low of $10.06 and a 52 week high of $16.53. The business has a fifty day simple moving average of $11.51 and a 200 day simple moving average of $11.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IMC Chicago LLC purchased a new stake in Direxion Daily MSFT Bear 1X Shares during the third quarter valued at approximately $1,372,000. Cibc World Market Inc. boosted its stake in shares of Direxion Daily MSFT Bear 1X Shares by 49.6% during the third quarter. Cibc World Market Inc. now owns 79,521 shares of the company’s stock valued at $858,000 after purchasing an additional 26,362 shares during the period. Advisory Services Network LLC bought a new position in Direxion Daily MSFT Bear 1X Shares in the 2nd quarter worth about $697,000. Citadel Advisors LLC increased its position in shares of Direxion Daily MSFT Bear 1X Shares by 207.9% during the third quarter. Citadel Advisors LLC now owns 40,754 shares of the company’s stock worth $440,000 after acquiring an additional 27,520 shares during the period. Finally, Susquehanna International Group LLP bought a new stake in shares of Direxion Daily MSFT Bear 1X Shares during the third quarter valued at approximately $308,000.

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.