Direxion Daily META Bear 1X ETF (NASDAQ:METD – Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 19,763 shares, a decline of 82.7% from the September 15th total of 114,228 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily trading volume, of 1,435,871 shares, the days-to-cover ratio is presently 0.0 days.
Hedge Funds Weigh In On Direxion Daily META Bear 1X ETF
A number of hedge funds have recently bought and sold shares of METD. Optiver Holding B.V. raised its holdings in shares of Direxion Daily META Bear 1X ETF by 58.2% during the first quarter. Optiver Holding B.V. now owns 21,191 shares of the company’s stock valued at $376,000 after acquiring an additional 7,800 shares during the last quarter. Genesis Financial Group LLC grew its position in Direxion Daily META Bear 1X ETF by 13.2% in the first quarter. Genesis Financial Group LLC now owns 51,400 shares of the company’s stock worth $911,000 after acquiring an additional 6,000 shares during the period. Finally, IMC Chicago LLC lifted its holdings in shares of Direxion Daily META Bear 1X ETF by 60.8% in the 1st quarter. IMC Chicago LLC now owns 105,235 shares of the company’s stock worth $1,865,000 after acquiring an additional 39,785 shares during the last quarter.
Direxion Daily META Bear 1X ETF Trading Up 0.5%
Shares of METD opened at $12.95 on Friday. The firm has a fifty day simple moving average of $15.00 and a two-hundred day simple moving average of $15.92. Direxion Daily META Bear 1X ETF has a 1-year low of $11.98 and a 1-year high of $19.54.
Direxion Daily META Bear 1X ETF Company Profile
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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