Direxion Daily META Bear 1X Shares (NASDAQ:METD) Shares Down 1% – Should You Sell?

Direxion Daily META Bear 1X Shares (NASDAQ:METD)’s stock price dropped 1% on Friday . The company traded as low as $15.49 and last traded at $15.50. 567,449 shares changed hands during trading, an increase of 22% from the average daily volume of 464,718 shares. The stock had previously closed at $15.65.

Direxion Daily META Bear 1X Shares Price Performance

The company’s fifty day moving average is $16.23 and its two-hundred day moving average is $16.39.

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

A number of institutional investors have recently modified their holdings of the company. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily META Bear 1X Shares during the second quarter worth $179,000. Optiver Holding B.V. boosted its holdings in 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 valued at $376,000 after purchasing an additional 7,800 shares during the period. Genesis Financial Group LLC boosted its holdings in Direxion Daily META Bear 1X Shares by 13.2% in the first quarter. Genesis Financial Group LLC now owns 51,400 shares of the company’s stock valued at $911,000 after purchasing an additional 6,000 shares during the period. Finally, IMC Chicago LLC boosted its holdings in Direxion Daily META Bear 1X Shares by 60.8% in the first quarter. IMC Chicago LLC now owns 105,235 shares of the company’s stock valued at $1,865,000 after purchasing an additional 39,785 shares during the period.

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.