Genesis Financial Group LLC Makes New $720,000 Investment in Direxion Daily META Bear 1X Shares $METD

Genesis Financial Group LLC bought a new position in shares of Direxion Daily META Bear 1X Shares (NASDAQ:METD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 45,400 shares of the company’s stock, valued at approximately $720,000. Genesis Financial Group LLC owned about 11.95% of Direxion Daily META Bear 1X Shares as of its most recent filing with the Securities & Exchange Commission.

Separately, Flow Traders U.S. LLC acquired a new position in Direxion Daily META Bear 1X Shares during the 2nd quarter worth about $179,000.

Direxion Daily META Bear 1X Shares Price Performance

Shares of NASDAQ:METD opened at $17.68 on Friday. Direxion Daily META Bear 1X Shares has a 12 month low of $13.45 and a 12 month high of $23.35. The company’s 50-day moving average price is $16.19 and its two-hundred day moving average price is $15.90.

Direxion Daily META Bear 1X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a dividend of $0.0691 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, March 24th.

About Direxion Daily META Bear 1X Shares

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.