Direxion Daily META Bear 1X ETF (NASDAQ:METD – Get Free Report) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 114,228 shares, a growth of 495.4% from the August 31st total of 19,185 shares. Based on an average daily trading volume, of 896,694 shares, the short-interest ratio is presently 0.1 days. Approximately 16.8% of the shares of the stock are sold short.
Direxion Daily META Bear 1X ETF Price Performance
Shares of NASDAQ METD opened at $12.40 on Friday. Direxion Daily META Bear 1X ETF has a 52 week low of $11.98 and a 52 week high of $19.54. The company’s 50-day moving average price is $15.68 and its 200 day moving average price is $16.18.
Institutional Trading of Direxion Daily META Bear 1X ETF
Several institutional investors and hedge funds have recently modified their holdings of METD. Optiver Holding B.V. grew its position 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 during the last quarter. Genesis Financial Group LLC raised its position in shares of Direxion Daily META Bear 1X ETF by 13.2% during 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 last quarter. Finally, IMC Chicago LLC raised its position in shares of 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 during the last quarter.
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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