# Direxion Daily MSFT Bear 1X ETF (MSFD) — Overview

MSFD · NASDAQ · Fund

Canonical page: https://www.lighthorse.io/tickers/msfd

## Price

Last close $9.49 on Oct 15, 2026. 52-week range $9.43 – $15.31.

## Fund profile

MSFD provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Microsoft stock.

| Metric | Value |
| --- | --- |
| Issuer | Rafferty Asset Management, LLC |
| Industry | Technology |
| Inception | Sep 7, 2022 |
| Assets under management | $8.3M |
| Expense ratio | 1.02% |
| Net asset value | $9.49 (as of Oct 15, 2026) |
| Distributions | Quarterly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Direxion Daily MSFT Bear 1X ETF (MSFD)?

MSFD provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Microsoft stock.

### What is MSFD's expense ratio?

Direxion Daily MSFT Bear 1X ETF charges an annual expense ratio of 1.02%. The fund is issued by Rafferty Asset Management, LLC.

### How large is MSFD?

Direxion Daily MSFT Bear 1X ETF manages $8.3M in assets and has traded since Sep 7, 2022.

### How do I buy shares of Direxion Daily MSFT Bear 1X ETF (MSFD)?

MSFD trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).