Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Shares Up 0.9% – Time to Buy?

Shares of Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) were up 0.9% during mid-day trading on Wednesday . The company traded as high as $13.72 and last traded at $13.72. Approximately 11,384 shares were traded during trading, a decline of 87% from the average daily volume of 84,808 shares. The stock had previously closed at $13.60.

Direxion Daily MSFT Bear 1X Shares Trading Up 0.9 %

The stock has a fifty day moving average of $13.60 and a 200-day moving average of $13.64.

Direxion Daily MSFT Bear 1X Shares Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.1495 per share. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily MSFT Bear 1X Shares stock. Jane Street Group LLC bought a new position in Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,232 shares of the company’s stock, valued at approximately $179,000. Jane Street Group LLC owned approximately 2.41% of Direxion Daily MSFT Bear 1X Shares at the end of the most recent reporting period.

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.