Short Interest in Direxion Daily META Bear 1X Shares (NASDAQ:METD) Rises By 76.7%

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 14,176 shares, an increase of 76.7% from the May 14th total of 8,023 shares. Based on an average trading volume of 134,818 shares, the short-interest ratio is currently 0.1 days. Approximately 3.3% of the company’s stock are sold short.

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

Several institutional investors and hedge funds have recently modified their holdings of METD. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily META Bear 1X Shares during the 2nd quarter valued at $179,000. Optiver Holding B.V. grew its holdings in shares of Direxion Daily META Bear 1X Shares by 21.1% during the 3rd quarter. Optiver Holding B.V. now owns 15,363 shares of the company’s stock valued at $223,000 after acquiring an additional 2,681 shares in the last quarter. Genesis Financial Group LLC purchased a new position in shares of Direxion Daily META Bear 1X Shares during the 4th quarter valued at $720,000. Finally, IMC Chicago LLC bought a new stake in Direxion Daily META Bear 1X Shares in the fourth quarter worth $1,037,000.

Direxion Daily META Bear 1X Shares Trading Down 1.1%

Shares of Direxion Daily META Bear 1X Shares stock traded down $0.19 on Tuesday, hitting $16.56. 276,090 shares of the company traded hands, compared to its average volume of 403,280. The company has a 50-day moving average price of $16.20 and a 200 day moving average price of $16.19. Direxion Daily META Bear 1X Shares has a 12-month low of $13.45 and a 12-month high of $19.54.

Direxion Daily META Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.0691 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, March 24th.

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.