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

Posted by James Conley on Jun 17th, 2026

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

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

A number of institutional investors have recently added to or reduced their stakes in METD. IMC Chicago LLC purchased a new position in Direxion Daily META Bear 1X Shares in the 4th quarter valued at about $1,037,000. Genesis Financial Group LLC purchased a new stake in shares of Direxion Daily META Bear 1X Shares during the fourth quarter worth about $720,000. Optiver Holding B.V. lifted its stake in shares of Direxion Daily META Bear 1X Shares by 58.2% in the first quarter. Optiver Holding B.V. now owns 21,191 shares of the company’s stock worth $376,000 after acquiring an additional 7,800 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily META Bear 1X Shares in the second quarter worth about $179,000.

Direxion Daily META Bear 1X Shares Trading Up 0.9%

METD opened at $16.71 on Wednesday. The firm’s 50 day moving average is $16.18 and its 200-day moving average is $16.19. Direxion Daily META Bear 1X Shares has a 52-week low of $13.45 and a 52-week high of $19.54.

Direxion Daily META Bear 1X Shares Cuts Dividend

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

About Direxion Daily META Bear 1X Shares

(Get Free Report)

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.