Direxion Daily META Bear 1X Shares (NASDAQ:METD) Short Interest Update

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the target of a large 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. Currently, 7.1% of the company’s stock are short sold. Based on an average trading volume of 336,518 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily META Bear 1X Shares Stock Down 3.1%

Shares of METD stock traded down $0.45 during midday trading on Wednesday, reaching $14.24. 443,529 shares of the stock were exchanged, compared to its average volume of 444,204. Direxion Daily META Bear 1X Shares has a 1 year low of $13.45 and a 1 year high of $19.54. The company’s 50 day moving average is $16.58 and its two-hundred day moving average is $16.27.

Direxion Daily META Bear 1X Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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 annualized dividend and a dividend yield of 2.7%.

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

Institutional investors have recently added to or reduced their stakes in 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 acquiring an additional 7,800 shares in the last quarter. Genesis Financial Group LLC lifted its holdings in shares of Direxion Daily META Bear 1X Shares by 13.2% during 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 last quarter. IMC Chicago LLC boosted its position in shares of Direxion Daily META Bear 1X Shares 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 purchasing an additional 39,785 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily META Bear 1X Shares in the 2nd quarter worth approximately $179,000.

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.