Direxion Daily META Bear 1X ETF (NASDAQ:METD – Get Free Report) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 19,763 shares, a drop of 82.7% from the September 15th total of 114,228 shares. Based on an average daily trading volume, of 1,435,871 shares, the short-interest ratio is currently 0.0 days. Approximately 1.8% of the company’s stock are sold short.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in METD. Genesis Financial Group LLC boosted its stake in shares of Direxion Daily META Bear 1X ETF by 13.2% during the 1st 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 in the last quarter. Optiver Holding B.V. lifted its position in shares of Direxion Daily META Bear 1X ETF 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. Finally, IMC Chicago LLC boosted its stake in shares of Direxion Daily META Bear 1X ETF by 60.8% during the 1st quarter. IMC Chicago LLC now owns 105,235 shares of the company’s stock worth $1,865,000 after purchasing an additional 39,785 shares during the last quarter.
Direxion Daily META Bear 1X ETF Stock Up 0.5%
Shares of METD stock opened at $12.95 on Friday. Direxion Daily META Bear 1X ETF has a 1 year low of $11.98 and a 1 year high of $19.54. The stock’s 50-day moving average is $15.00 and its two-hundred day moving average is $15.92.
About Direxion Daily META Bear 1X ETF
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.
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