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

Direxion Daily META Bear 1X Shares (NASDAQ:METD) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 23,728 shares, a drop of 43.2% from the January 15th total of 41,763 shares. Based on an average trading volume of 802,324 shares, the days-to-cover ratio is currently 0.0 days. Currently, 5.9% of the company’s shares are sold short. Currently, 5.9% of the company’s shares are sold short. Based on an average trading volume of 802,324 shares, the days-to-cover ratio is currently 0.0 days.

Direxion Daily META Bear 1X Shares Stock Up 1.6%

Shares of NASDAQ METD traded up $0.25 during mid-day trading on Friday, hitting $16.12. The company had a trading volume of 640,241 shares, compared to its average volume of 581,618. Direxion Daily META Bear 1X Shares has a 1-year low of $13.45 and a 1-year high of $23.35. The business’s 50-day simple moving average is $15.89 and its 200 day simple moving average is $15.33.

Direxion Daily META Bear 1X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a $0.133 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $0.53 annualized dividend and a dividend yield of 3.3%.

Institutional Investors Weigh In On Direxion Daily META Bear 1X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IMC Chicago LLC acquired a new position in Direxion Daily META Bear 1X Shares during the 4th quarter worth approximately $1,037,000. Genesis Financial Group LLC purchased a new stake in shares of Direxion Daily META Bear 1X Shares during the 4th quarter worth $720,000. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily META Bear 1X Shares during the 2nd quarter worth $179,000. Finally, Optiver Holding B.V. increased its holdings in shares of 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 valued at $223,000 after purchasing an additional 2,681 shares in 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.