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

Direxion Daily META Bear 1X Shares (NASDAQ:METD) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 41,763 shares, a growth of 27.0% from the December 31st total of 32,892 shares. Based on an average trading volume of 219,556 shares, the short-interest ratio is presently 0.2 days. Approximately 9.7% of the shares of the company are sold short. Approximately 9.7% of the shares of the company are sold short. Based on an average trading volume of 219,556 shares, the short-interest ratio is presently 0.2 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. IMC Chicago LLC purchased a new position in shares of Direxion Daily META Bear 1X Shares during the 4th quarter valued at about $1,037,000. Genesis Financial Group LLC bought a new stake in Direxion Daily META Bear 1X Shares during the 4th quarter worth approximately $720,000. Flow Traders U.S. LLC bought a new stake in Direxion Daily META Bear 1X Shares during the 2nd quarter worth approximately $179,000. Finally, Optiver Holding B.V. lifted its holdings in Direxion Daily META Bear 1X Shares by 21.1% during the third quarter. Optiver Holding B.V. now owns 15,363 shares of the company’s stock valued at $223,000 after purchasing an additional 2,681 shares in the last quarter.

Direxion Daily META Bear 1X Shares Trading Up 1.3%

Shares of Direxion Daily META Bear 1X Shares stock traded up $0.19 during trading hours on Monday, reaching $14.61. 624,653 shares of the stock traded hands, compared to its average volume of 517,774. The company has a 50 day moving average price of $16.04 and a 200 day moving average price of $15.33. Direxion Daily META Bear 1X Shares has a one year low of $13.45 and a one year high of $23.35.

Direxion Daily META Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.133 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.6%.

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.