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MSFD

Direxion Daily MSFT Bear 1X Shares·NASDAQ
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Key Stats
Assets Under Management
9.05MUSD
Fund Flows (1Y)
1.24MUSD
Dividend Yield
2.88%
Discount/Premium to NAV
-0.07%
Shares Outstanding
675.00K
Expense Ratio
1.02%
About Direxion Daily MSFT Bear 1X Shares
Issuer
Rafferty Asset Management, LLC
Brand
Direxion
Inception Date
Sep 7, 2022
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
MSFD is a short-term tactical tool that aims to deliver -1x the price return, less fees and expenses, for a single day of Microsoft stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the -1x multiple. Aside from the inverse exposure, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when the underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested.
Classification
Asset Class
Equity
Category
Sector
Focus
Information Technology
Niche
Systems Software
Strategy
Vanilla
Geography
U.S.
Weighting Scheme
Single Asset
Selection Criteria
Single asset
Returns
1-Month
3-Month
YTD
1-Year
3-Year
5-Year
Price Performance
+13.31%+19.95%+15.77%-4.78%-43.25%-45.73%
NAV Total Return
+12.99%+21.37%+13.03%-1.43%-36.31%-0.45%
Ratings

No data is currently available

Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis

Sector

No data is currently available

Asset

No data is currently available

Region

No data is currently available

Investment Style

No data is currently available

Top 10 Holdings

Symbol

Ratio

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DREYFUS GOVT CASH MAN INS

62.93%
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GOLDMAN FINL SQ TRSRY INST 506

20.11%
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DREYFUS TRSRY SECURITIES CASH MGMT

12.80%
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Microsoft Inc SWAP

-19.54%

Top 10 Weight 76.29%

4 Total Holdings

Is SPY better than MSFD?
Dividends

Dividend Payout History

Declaration Date
Record Date
Payment Date
Amount
2025-12-232025-12-232025-12-310.082
2025-09-232025-09-232025-09-300.107
2025-06-242025-06-242025-07-010.089
2025-03-252025-03-252025-04-010.106
2024-12-232024-12-232024-12-310.150
2024-09-242024-09-242024-10-010.110
2024-06-252024-06-252024-07-020.223

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How Much Does MSFD Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy MSFD?
Fund Flows