Short Interest in Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Grows By 5,212.5%

Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 42,500 shares, a growth of 5,212.5% from the March 31st total of 800 shares. Based on an average daily volume of 97,700 shares, the days-to-cover ratio is currently 0.4 days.

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

An institutional investor recently raised its position in Direxion Daily MSFT Bear 1X Shares stock. IMC Chicago LLC grew its holdings in Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) by 174.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,953 shares of the company’s stock after acquiring an additional 24,133 shares during the period. IMC Chicago LLC owned about 8.08% of Direxion Daily MSFT Bear 1X Shares worth $591,000 as of its most recent SEC filing.

Direxion Daily MSFT Bear 1X Shares Stock Performance

Shares of NASDAQ MSFD opened at $14.47 on Friday. Direxion Daily MSFT Bear 1X Shares has a 1 year low of $13.60 and a 1 year high of $20.11. The firm’s 50 day moving average price is $14.19 and its 200 day moving average price is $15.26.

Direxion Daily MSFT Bear 1X Shares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were given a dividend of $0.1291 per share. The ex-dividend date was Tuesday, March 19th. This represents a $0.52 dividend on an annualized basis and a yield of 3.57%.

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.