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

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the recipient of a significant growth in short interest in the month of 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. Based on an average trading volume of 336,518 shares, the days-to-cover ratio is presently 0.1 days. Currently, 7.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Direxion Daily META Bear 1X Shares

Institutional investors and hedge funds have recently bought and sold shares of the business. IMC Chicago LLC bought a new stake in Direxion Daily META Bear 1X Shares in the fourth quarter valued at $1,037,000. Genesis Financial Group LLC bought a new position in Direxion Daily META Bear 1X Shares in the 4th quarter worth $720,000. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily META Bear 1X Shares in the 2nd quarter worth about $179,000. Finally, Optiver Holding B.V. lifted its position in shares of Direxion Daily META Bear 1X Shares by 58.2% in the 1st quarter. Optiver Holding B.V. now owns 21,191 shares of the company’s stock worth $376,000 after purchasing an additional 7,800 shares during the period.

Direxion Daily META Bear 1X Shares Stock Performance

Shares of NASDAQ:METD traded down $0.45 during midday trading on Wednesday, hitting $14.24. 443,529 shares of the stock traded hands, compared to its average volume of 444,204. The business’s 50 day moving average is $16.58 and its two-hundred day moving average is $16.27. Direxion Daily META Bear 1X Shares has a one year low of $13.45 and a one year high of $19.54.

Direxion Daily META Bear 1X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.0977 per share. This represents a $0.39 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, June 23rd.

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.