Direxion Daily META Bear 1X Shares (NASDAQ:METD) Short Interest Down 38.1% in February

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 75,800 shares, a decrease of 38.1% from the February 13th total of 122,500 shares. Based on an average daily trading volume, of 241,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 23.7% of the company’s stock are short sold.

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

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

Direxion Daily META Bear 1X Shares Price Performance

Shares of METD traded up $0.09 on Monday, hitting $19.07. 84,980 shares of the stock traded hands, compared to its average volume of 305,814. Direxion Daily META Bear 1X Shares has a one year low of $15.68 and a one year high of $26.62. The business has a 50 day simple moving average of $17.69 and a 200 day simple moving average of $19.50.

Direxion Daily META Bear 1X Shares Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.2228 dividend. The ex-dividend date was Monday, December 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.