Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Short Interest Up 8,279.7% in July

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 662,000 shares, anincreaseof8,279.7% from the July 15th total of 7,900 shares. Approximately73.6% of the company’s shares are sold short. Based on an average daily volume of 223,100 shares, the days-to-cover ratio is presently 3.0 days. Based on an average daily volume of 223,100 shares, the days-to-cover ratio is presently 3.0 days. Approximately73.6% of the company’s shares are sold short.

Direxion Daily MSFT Bear 1X Shares Price Performance

Shares of NASDAQ MSFD opened at $10.74 on Friday. Direxion Daily MSFT Bear 1X Shares has a 52-week low of $10.06 and a 52-week high of $16.53. The business’s 50 day moving average is $11.21 and its two-hundred day moving average is $13.06.

Direxion Daily MSFT Bear 1X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were given a dividend of $0.0886 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.3%.

Institutional Trading of Direxion Daily MSFT Bear 1X Shares

Large investors have recently modified their holdings of the stock. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily MSFT Bear 1X Shares during the second quarter worth $117,000. Jane Street Group LLC increased its position in shares of Direxion Daily MSFT Bear 1X Shares by 20.9% during the fourth quarter. Jane Street Group LLC now owns 16,003 shares of the company’s stock worth $220,000 after acquiring an additional 2,771 shares during the period. Finally, Jump Financial LLC purchased a new stake in shares of Direxion Daily MSFT Bear 1X Shares during the fourth quarter worth $341,000.

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.