Direxion Daily META Bear 1X Shares (NASDAQ:METD) Short Interest Update

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 35,547 shares, a growth of 109.3% from the June 15th total of 16,984 shares. Approximately 7.1% of the company’s stock are short sold. Based on an average daily volume of 336,518 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily META Bear 1X Shares Stock Performance

METD traded up $0.83 during trading on Friday, hitting $15.41. 279,029 shares of the company’s stock were exchanged, compared to its average volume of 443,861. Direxion Daily META Bear 1X Shares has a fifty-two week low of $13.45 and a fifty-two week high of $19.54. The business’s 50 day moving average is $16.51 and its two-hundred day moving average is $16.26.

Direxion Daily META Bear 1X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.0977 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.39 annualized dividend and a dividend yield of 2.5%.

Institutional Trading of Direxion Daily META Bear 1X Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IMC Chicago LLC bought a new position in shares of Direxion Daily META Bear 1X Shares in the fourth quarter valued at approximately $1,037,000. Genesis Financial Group LLC purchased a new stake in Direxion Daily META Bear 1X Shares in the 4th quarter valued at $720,000. Flow Traders U.S. LLC purchased a new stake in Direxion Daily META Bear 1X Shares in the 2nd quarter valued at $179,000. Finally, Optiver Holding B.V. lifted its stake in Direxion Daily META Bear 1X Shares by 58.2% during the 1st quarter. Optiver Holding B.V. now owns 21,191 shares of the company’s stock valued at $376,000 after acquiring an additional 7,800 shares in the last quarter.

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.