Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Shares Up 1.6% – Still a Buy?

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD)’s stock price traded up 1.6% during mid-day trading on Tuesday . The stock traded as high as $13.98 and last traded at $13.77. 917,793 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 1,526,306 shares. The stock had previously closed at $13.55.

Direxion Daily MSFT Bear 1X Shares Trading Up 1.6%

The stock has a fifty day moving average of $13.43 and a 200 day moving average of $13.30.

Direxion Daily MSFT Bear 1X Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.1783 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.71 dividend on an annualized basis and a yield of 5.2%.

Institutional Trading of Direxion Daily MSFT Bear 1X Shares

Institutional investors and hedge funds have recently bought and sold shares of the business. PayPay Securities Corp boosted its holdings in shares of Direxion Daily MSFT Bear 1X Shares by 88.1% in the 4th quarter. PayPay Securities Corp now owns 3,500 shares of the company’s stock valued at $40,000 after acquiring an additional 1,639 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares during the first quarter worth $53,000. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares during the second quarter worth $117,000. Hamilton Wealth LLC acquired a new position in Direxion Daily MSFT Bear 1X Shares during the fourth quarter valued at $138,000. Finally, Virtu Financial LLC acquired a new position in Direxion Daily MSFT Bear 1X Shares during the third quarter valued at $292,000.

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.