Direxion Daily META Bear 1X Shares (NASDAQ:METD – Get Free Report) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 75,800 shares, a decline 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 sold short.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. IMC Chicago LLC boosted its position in Direxion Daily META Bear 1X Shares by 135.9% during the fourth quarter. IMC Chicago LLC now owns 76,115 shares of the company’s stock worth $1,509,000 after purchasing an additional 43,845 shares during the period. Jump Financial LLC acquired a new position in Direxion Daily META Bear 1X Shares in the 4th quarter valued at $269,000. Finally, Optiver Holding B.V. acquired a new position in Direxion Daily META Bear 1X Shares in the 4th quarter valued at $804,000.
Direxion Daily META Bear 1X Shares Stock Down 2.9 %
Shares of Direxion Daily META Bear 1X Shares stock traded down $0.56 during midday trading on Friday, reaching $18.98. 127,256 shares of the company’s stock traded hands, compared to its average volume of 310,309. Direxion Daily META Bear 1X Shares has a 52 week low of $15.68 and a 52 week high of $26.62. The company’s 50 day simple moving average is $17.69 and its 200 day simple moving average is $19.57.
Direxion Daily META Bear 1X Shares Announces Dividend
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.
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