Direxion Daily META Bear 1X Shares (NASDAQ:METD) Short Interest Down 66.9% in July

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 25,577 shares, a decrease of 66.9% from the July 15th total of 77,379 shares. Based on an average trading volume of 679,794 shares, the short-interest ratio is currently 0.0 days. Currently, 4.9% of the shares of the company are sold short.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. IMC Chicago LLC boosted its holdings in Direxion Daily META Bear 1X Shares by 60.8% in the first quarter. IMC Chicago LLC now owns 105,235 shares of the company’s stock valued at $1,865,000 after purchasing an additional 39,785 shares during the last quarter. Optiver Holding B.V. raised its stake in shares of Direxion Daily META Bear 1X Shares by 58.2% during the 1st quarter. Optiver Holding B.V. now owns 21,191 shares of the company’s stock valued at $376,000 after buying an additional 7,800 shares during the last quarter. Genesis Financial Group LLC raised its stake in shares of Direxion Daily META Bear 1X Shares by 13.2% during the 1st quarter. Genesis Financial Group LLC now owns 51,400 shares of the company’s stock valued at $911,000 after buying an additional 6,000 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily META Bear 1X Shares in the 2nd quarter valued at about $179,000.

Direxion Daily META Bear 1X Shares Stock Performance

METD traded up $0.15 on Friday, reaching $16.25. 173,040 shares of the stock were exchanged, compared to its average volume of 461,379. The company’s 50-day moving average price is $16.44 and its 200 day moving average price is $16.23. Direxion Daily META Bear 1X Shares has a fifty-two week low of $13.45 and a fifty-two week high of $19.54.

Direxion Daily META Bear 1X Shares Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.39 dividend on an annualized basis and a dividend yield of 2.4%.

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.