Direxion Daily META Bear 1X Shares (NASDAQ:METD) Short Interest Down 66.9% in July

Direxion Daily META Bear 1X Shares (NASDAQ:METD) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 25,577 shares, a drop of 66.9% from the July 15th total of 77,379 shares. Approximately 4.9% of the shares of the company are short sold. Based on an average trading volume of 679,794 shares, the days-to-cover ratio is currently 0.0 days.

Direxion Daily META Bear 1X Shares Trading Up 0.9%

NASDAQ:METD traded up $0.15 during trading hours on Friday, reaching $16.25. The company had a trading volume of 173,040 shares, compared to its average volume of 461,379. Direxion Daily META Bear 1X Shares has a 1-year low of $13.45 and a 1-year high of $19.54. The business’s 50 day moving average price is $16.44 and its 200-day moving average price is $16.23.

Direxion Daily META Bear 1X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.0977 dividend. This represents a $0.39 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, June 23rd.

Institutional Trading of Direxion Daily META Bear 1X Shares

Hedge funds have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC acquired a new stake in Direxion Daily META Bear 1X Shares during the second quarter valued at $179,000. Optiver Holding B.V. increased its stake in shares of Direxion Daily META Bear 1X Shares by 58.2% in the 1st 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 in the last quarter. Genesis Financial Group LLC raised its holdings in 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 worth $911,000 after purchasing an additional 6,000 shares during the period. Finally, IMC Chicago LLC purchased a new stake in shares of Direxion Daily META Bear 1X Shares in the fourth quarter valued at approximately $1,037,000.

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.