Direxion Daily META Bear 1X Shares (NASDAQ:METD) Short Interest Up 27.0% in January

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 41,763 shares, a growth of 27.0% from the December 31st total of 32,892 shares. Based on an average trading volume of 219,556 shares, the short-interest ratio is currently 0.2 days. Currently, 9.7% of the shares of the stock are short sold. Currently, 9.7% of the shares of the stock are short sold. Based on an average trading volume of 219,556 shares, the short-interest ratio is currently 0.2 days.

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

A number of large investors have recently bought and sold shares of METD. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily META Bear 1X Shares during the second quarter worth $179,000. Optiver Holding B.V. grew its stake in Direxion Daily META Bear 1X Shares by 21.1% in the 3rd quarter. Optiver Holding B.V. now owns 15,363 shares of the company’s stock worth $223,000 after acquiring an additional 2,681 shares in the last quarter. Genesis Financial Group LLC bought a new stake in shares of Direxion Daily META Bear 1X Shares during the fourth quarter valued at approximately $720,000. Finally, IMC Chicago LLC purchased a new stake in shares of Direxion Daily META Bear 1X Shares in the fourth quarter valued at approximately $1,037,000.

Direxion Daily META Bear 1X Shares Stock Up 2.5%

Shares of NASDAQ METD traded up $0.38 during mid-day trading on Wednesday, hitting $15.30. 327,033 shares of the company’s stock traded hands, compared to its average volume of 514,462. The company’s 50-day moving average is $16.01 and its two-hundred day moving average is $15.32. Direxion Daily META Bear 1X Shares has a 1 year low of $13.45 and a 1 year high of $23.35.

Direxion Daily META Bear 1X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a dividend of $0.133 per share. This represents a $0.53 annualized dividend and a yield of 3.5%. The ex-dividend date was Tuesday, December 23rd.

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.