Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 43,000 shares, an increase of 147.1% from the June 30th total of 17,400 shares. Based on an average daily trading volume, of 83,000 shares, the days-to-cover ratio is currently 0.5 days.
Institutional Trading of Direxion Daily MSFT Bear 1X Shares
An institutional investor recently bought a new stake in Direxion Daily MSFT Bear 1X Shares stock. Wakefield Asset Management LLLP acquired a new stake in shares of Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 46,838 shares of the company’s stock, valued at approximately $730,000. Wakefield Asset Management LLLP owned approximately 9.97% of Direxion Daily MSFT Bear 1X Shares at the end of the most recent reporting period.
Direxion Daily MSFT Bear 1X Shares Trading Down 1.5 %
Shares of NASDAQ MSFD traded down $0.21 during midday trading on Friday, hitting $13.71. The company’s stock had a trading volume of 66,798 shares, compared to its average volume of 85,428. Direxion Daily MSFT Bear 1X Shares has a 12-month low of $12.43 and a 12-month high of $18.95. The business’s 50 day moving average is $13.33 and its two-hundred day moving average is $14.00.
Direxion Daily MSFT Bear 1X Shares Dividend Announcement
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.
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