Direxion Daily META Bear 1X Shares (NASDAQ:METD) Stock Price Up 0.1% – Here’s Why

Direxion Daily META Bear 1X Shares (NASDAQ:METD) shares were up 0.1% during trading on Thursday . The stock traded as high as $16.33 and last traded at $16.27. 324,985 shares changed hands during trading, a decline of 31% from the average daily volume of 468,696 shares. The stock had previously closed at $16.26.

Direxion Daily META Bear 1X Shares Stock Performance

The business has a 50-day simple moving average of $16.45 and a two-hundred day simple moving average of $16.25.

Direxion Daily META Bear 1X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.0977 per share. This represents a $0.39 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, June 23rd.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of METD. Flow Traders U.S. LLC purchased a new position in Direxion Daily META Bear 1X Shares during the 2nd quarter worth $179,000. Optiver Holding B.V. boosted its holdings in shares of Direxion Daily META Bear 1X Shares by 58.2% in the first 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. Genesis Financial Group LLC increased its stake in shares of Direxion Daily META Bear 1X Shares by 13.2% during the first quarter. Genesis Financial Group LLC now owns 51,400 shares of the company’s stock worth $911,000 after acquiring an additional 6,000 shares during the period. Finally, IMC Chicago LLC acquired a new position in shares of Direxion Daily META Bear 1X Shares during the fourth quarter worth about $1,037,000.

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.