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

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 8,023 shares, a decline of 79.7% from the April 30th total of 39,552 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average daily trading volume, of 169,869 shares, the short-interest ratio is currently 0.0 days.

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

Large 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 $1,037,000. Genesis Financial Group LLC bought a new position in Direxion Daily META Bear 1X Shares during the 4th quarter valued at about $720,000. Flow Traders U.S. LLC bought a new position in Direxion Daily META Bear 1X Shares during the 2nd quarter valued at about $179,000. Finally, Optiver Holding B.V. increased its holdings in shares of Direxion Daily META Bear 1X Shares by 21.1% during the third 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 in the last quarter.

Direxion Daily META Bear 1X Shares Trading Up 1.0%

Shares of Direxion Daily META Bear 1X Shares stock traded up $0.15 on Friday, hitting $15.93. 71,731 shares of the company traded hands, compared to its average volume of 392,772. Direxion Daily META Bear 1X Shares has a 12-month low of $13.45 and a 12-month high of $19.54. The company has a 50-day moving average price of $16.42 and a 200 day moving average price of $16.24.

Direxion Daily META Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a $0.0691 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, March 24th.

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.