Direxion Daily META Bear 1X ETF (NASDAQ:METD – Get Free Report) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 19,763 shares, a drop of 82.7% from the September 15th total of 114,228 shares. Based on an average daily trading volume, of 1,435,871 shares, the short-interest ratio is presently 0.0 days. Currently, 1.8% of the company’s stock are sold short.
Institutional Trading of Direxion Daily META Bear 1X ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in METD. IMC Chicago LLC increased its holdings in Direxion Daily META Bear 1X ETF 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 purchasing an additional 39,785 shares in the last quarter. Optiver Holding B.V. lifted its holdings in shares of Direxion Daily META Bear 1X ETF by 58.2% in the first 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. Finally, Genesis Financial Group LLC lifted its holdings in shares of 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 valued at $911,000 after purchasing an additional 6,000 shares in the last quarter.
Direxion Daily META Bear 1X ETF Trading Down 3.5%
Shares of NASDAQ:METD traded down $0.45 during midday trading on Monday, hitting $12.50. 1,402,457 shares of the company’s stock were exchanged, compared to its average volume of 545,165. Direxion Daily META Bear 1X ETF has a 12 month low of $11.98 and a 12 month high of $19.54. The stock has a 50 day moving average price of $14.92 and a 200-day moving average price of $15.88.
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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