Direxion Daily META Bear 1X Shares (NASDAQ:METD) Short Interest Up 27.0% in January

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 41,763 shares, a growth of 27.0% from the December 31st total of 32,892 shares. Based on an average daily volume of 219,556 shares, the days-to-cover ratio is currently 0.2 days. Approximately 9.7% of the shares of the company are short sold. Approximately 9.7% of the shares of the company are short sold. Based on an average daily volume of 219,556 shares, the days-to-cover ratio is currently 0.2 days.

Direxion Daily META Bear 1X Shares Stock Up 2.1%

METD stock traded up $0.31 during trading on Tuesday, hitting $14.92. 638,000 shares of the company’s stock traded hands, compared to its average volume of 523,545. Direxion Daily META Bear 1X Shares has a 52 week low of $13.45 and a 52 week high of $23.35. The stock has a fifty day moving average price of $16.01 and a two-hundred day moving average price of $15.32.

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 given a dividend of $0.133 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Hedge Funds Weigh In On Direxion Daily META Bear 1X Shares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IMC Chicago LLC bought a new position in shares of Direxion Daily META Bear 1X Shares during the fourth quarter valued at approximately $1,037,000. Genesis Financial Group LLC acquired a new position in Direxion Daily META Bear 1X Shares during the 4th quarter valued at approximately $720,000. Optiver Holding B.V. grew 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 last quarter. Finally, Flow Traders U.S. LLC bought a new position in Direxion Daily META Bear 1X Shares during the 2nd quarter worth $179,000.

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.