Direxion Daily META Bear 1X Shares (NASDAQ:METD) Sees Large Increase in Short Interest

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 35,547 shares, an increase of 109.3% from the June 15th total of 16,984 shares. Based on an average daily trading volume, of 336,518 shares, the days-to-cover ratio is presently 0.1 days. Currently, 7.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Optiver Holding B.V. boosted its stake in Direxion Daily META Bear 1X Shares by 58.2% during the first quarter. Optiver Holding B.V. now owns 21,191 shares of the company’s stock worth $376,000 after buying an additional 7,800 shares in the last quarter. Genesis Financial Group LLC raised its stake in shares of Direxion Daily META Bear 1X Shares by 13.2% in the 1st quarter. Genesis Financial Group LLC now owns 51,400 shares of the company’s stock valued at $911,000 after buying an additional 6,000 shares in the last quarter. IMC Chicago LLC lifted its holdings in shares of Direxion Daily META Bear 1X Shares by 60.8% during 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 period. Finally, Flow Traders U.S. LLC bought a new position in shares of Direxion Daily META Bear 1X Shares during the 2nd quarter worth about $179,000.

Direxion Daily META Bear 1X Shares Trading Up 2.4%

Direxion Daily META Bear 1X Shares stock traded up $0.34 during trading hours on Thursday, hitting $14.58. The stock had a trading volume of 575,124 shares, compared to its average volume of 445,234. The company has a 50-day moving average of $16.54 and a two-hundred day moving average of $16.26. Direxion Daily META Bear 1X Shares has a fifty-two week low of $13.45 and a fifty-two week high of $19.54.

Direxion Daily META Bear 1X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.0977 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.39 dividend on an annualized basis and a dividend yield of 2.7%.

Direxion Daily META Bear 1X Shares 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.