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

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 26,500 shares, a drop of 23.6% from the March 15th total of 34,700 shares. Currently, 8.8% of the company’s stock are short sold. Based on an average daily volume of 275,700 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Direxion Daily META Bear 1X Shares

Large investors have recently made changes to their positions in the stock. IMC Chicago LLC lifted its position in Direxion Daily META Bear 1X Shares by 135.9% during the fourth quarter. IMC Chicago LLC now owns 76,115 shares of the company’s stock valued at $1,509,000 after purchasing an additional 43,845 shares during the period. Optiver Holding B.V. purchased a new stake in Direxion Daily META Bear 1X Shares during the 4th quarter valued at $804,000. Finally, Jump Financial LLC bought a new position in shares of Direxion Daily META Bear 1X Shares during the 4th quarter valued at $269,000.

Direxion Daily META Bear 1X Shares Stock Up 3.7 %

Shares of METD stock traded up $0.82 during mid-day trading on Monday, hitting $22.73. The company’s stock had a trading volume of 52,789 shares, compared to its average volume of 256,856. Direxion Daily META Bear 1X Shares has a 52-week low of $15.68 and a 52-week high of $26.62. The business has a 50-day moving average price of $18.98 and a 200 day moving average price of $19.21.

Direxion Daily META Bear 1X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.1687 per share. This represents a $0.67 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Tuesday, March 25th.

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.