Direxion Daily META Bear 1X Shares (NASDAQ:METD) Short Interest Down 88.3% in December

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 7,486 shares, a decrease of 88.3% from the November 30th total of 64,079 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 408,570 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 408,570 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.7% of the shares of the stock are sold short.

Direxion Daily META Bear 1X Shares Trading Down 0.3%

Shares of METD stock traded down $0.05 during trading hours on Thursday, hitting $15.65. 45,975 shares of the company’s stock were exchanged, compared to its average volume of 280,495. Direxion Daily META Bear 1X Shares has a 12-month low of $13.45 and a 12-month high of $23.35. The business’s 50 day simple moving average is $16.13 and its 200-day simple moving average is $15.19.

Direxion Daily META Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd will be paid a $0.133 dividend. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $0.53 annualized dividend and a yield of 3.4%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily META Bear 1X Shares in the 2nd quarter valued at about $179,000. Optiver Holding B.V. increased its stake in 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 worth $223,000 after purchasing an additional 2,681 shares during the period. Finally, Jump Financial LLC increased its stake in Direxion Daily META Bear 1X Shares by 323.0% in the 1st quarter. Jump Financial LLC now owns 57,333 shares of the company’s stock worth $1,135,000 after purchasing an additional 43,779 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.