Direxion Daily META Bear 1X Shares (NASDAQ:METD) Sees Significant Increase in Short Interest

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 42,112 shares, a growth of 77.5% from the January 29th total of 23,728 shares. Approximately 10.5% of the shares of the company are short sold. Based on an average trading volume of 715,306 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 715,306 shares, the days-to-cover ratio is presently 0.1 days. Approximately 10.5% of the shares of the company are short sold.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in METD. IMC Chicago LLC purchased a new stake in Direxion Daily META Bear 1X Shares during the fourth quarter worth about $1,037,000. Genesis Financial Group LLC acquired a new position in shares of Direxion Daily META Bear 1X Shares in the fourth quarter valued at approximately $720,000. Flow Traders U.S. LLC purchased a new stake in Direxion Daily META Bear 1X Shares during the 2nd quarter worth approximately $179,000. Finally, Optiver Holding B.V. increased its stake in Direxion Daily META Bear 1X Shares by 21.1% during the 3rd quarter. Optiver Holding B.V. now owns 15,363 shares of the company’s stock worth $223,000 after buying an additional 2,681 shares during the period.

Direxion Daily META Bear 1X Shares Trading Up 1.4%

Direxion Daily META Bear 1X Shares stock traded up $0.22 during midday trading on Friday, reaching $15.94. The company had a trading volume of 402,485 shares, compared to its average volume of 560,120. The firm’s fifty day simple moving average is $15.88 and its 200-day simple moving average is $15.46. Direxion Daily META Bear 1X Shares has a 12-month low of $13.45 and a 12-month high of $23.35.

Direxion Daily META Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a $0.133 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $0.53 dividend on an annualized basis and a yield of 3.3%.

Direxion Daily META Bear 1X Shares Company Profile

The Direxion Daily META Bear 1X Shares (METD) is an exchange-traded fund that is based on the Meta Platforms Inc Class A index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of META stock. METD was launched on Jun 5, 2024 and is issued by Direxion.