Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) Stock Price Up 0.9% – Here’s What Happened

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

Direxion Daily MSFT Bear 1X Shares Trading Up 0.9 %

The company’s 50-day simple moving average is $13.60 and its 200 day simple moving average is $13.64.

Direxion Daily MSFT Bear 1X Shares Dividend Announcement

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

Institutional Investors Weigh In On Direxion Daily MSFT Bear 1X Shares

An institutional investor recently bought a new position in Direxion Daily MSFT Bear 1X Shares stock. Jane Street Group LLC purchased a new position in shares of Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,232 shares of the company’s stock, valued at approximately $179,000. Jane Street Group LLC owned 2.41% of Direxion Daily MSFT Bear 1X Shares as of its most recent filing with the Securities and Exchange Commission.

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.