Direxion Daily META Bear 1X Shares (NASDAQ:METD) Short Interest Update

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 122,500 shares, a drop of 49.1% from the January 31st total of 240,900 shares. Based on an average trading volume of 219,900 shares, the days-to-cover ratio is presently 0.6 days.

Direxion Daily META Bear 1X Shares Trading Down 1.4 %

Shares of METD traded down $0.24 during trading hours on Friday, hitting $17.38. The company had a trading volume of 213,157 shares, compared to its average volume of 346,542. Direxion Daily META Bear 1X Shares has a one year low of $15.68 and a one year high of $26.62. The company’s fifty day moving average price is $17.84 and its two-hundred day moving average price is $19.77.

Direxion Daily META Bear 1X Shares Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.2228 per share. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jump Financial LLC purchased a new position in Direxion Daily META Bear 1X Shares in the fourth quarter worth $269,000. Optiver Holding B.V. acquired a new position in Direxion Daily META Bear 1X Shares during the 4th quarter valued at about $804,000. Finally, IMC Chicago LLC raised its stake in Direxion Daily META Bear 1X Shares by 135.9% in the fourth 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 last quarter.

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.