IMC Chicago LLC Raises Position in Direxion Daily META Bear 1X Shares $METD

IMC Chicago LLC grew its stake in Direxion Daily META Bear 1X Shares (NASDAQ:METD) by 60.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 105,235 shares of the company’s stock after purchasing an additional 39,785 shares during the period. IMC Chicago LLC owned about 0.24% of Direxion Daily META Bear 1X Shares worth $1,865,000 at the end of the most recent quarter.

Separately, Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily META Bear 1X Shares in the 2nd quarter worth approximately $179,000.

Direxion Daily META Bear 1X Shares Price Performance

NASDAQ METD opened at $14.24 on Thursday. The business’s 50 day moving average price is $16.54 and its 200-day moving average price is $16.26. Direxion Daily META Bear 1X Shares has a fifty-two week low of $13.45 and a fifty-two week high of $19.54.

Direxion Daily META Bear 1X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.0977 per share. This represents a $0.39 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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.