Direxion Daily MSFT Bear 1X Shares Announces Quarterly Distribution

The Direxion Daily MSFT Bear 1X Shares, traded on NASDAQ under the symbol MSFD, has officially declared a quarterly distribution of $0.1495. This announcement is significant for investors who hold shares of this exchange-traded fund (ETF), as it provides a regular income from their investment.

Distribution Details

The declared distribution of $0.1495 will be payable to shareholders on December 31. To qualify for this distribution, shareholders must be on record by December 23. It is important for investors to note that the ex-dividend date is also set for December 23, meaning that if they purchase shares on or after this date, they will not be eligible to receive the upcoming distribution.

Overview of Direxion Daily MSFT Bear 1X Shares

Direxion Daily MSFT Bear 1X Shares is designed to provide investors with a way to profit from declines in Microsoft Corporation's stock price. By holding this ETF, investors aim to achieve inversely correlated performance to Microsoft's movement in the stock market. This makes it a popular tool for those looking to hedge their bets against potential downturns in Microsoft's stock.

Additional Insights

Seeking Alpha provides a quant rating on Direxion Daily MSFT Bear 1X Shares and a comprehensive dividend scorecard, which can help investors understand the fund's performance metrics and dividend history. Keeping up with such insights can be beneficial for making informed investment decisions.

Conclusion

The upcoming distribution from Direxion Daily MSFT Bear 1X Shares is a reminder of the potential income-generating opportunities available in the ETF market. Investors should take note of the important dates related to this dividend to ensure they can benefit from this distribution as part of their investment strategy.

dividend, ETF, investment