Direxion Daily META Bear 1X Shares (NASDAQ:METD) Sees Significant Growth in Short Interest

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 9,800 shares, a growth of 27.3% from the August 31st total of 7,700 shares. Based on an average trading volume of 38,500 shares, the days-to-cover ratio is currently 0.3 days.

Direxion Daily META Bear 1X Shares Price Performance

Shares of Direxion Daily META Bear 1X Shares stock traded up $0.03 on Friday, hitting $20.66. 20,795 shares of the company were exchanged, compared to its average volume of 35,310. The stock’s 50-day moving average is $22.92. Direxion Daily META Bear 1X Shares has a 1-year low of $20.27 and a 1-year high of $26.62.

Direxion Daily META Bear 1X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th will be issued a dividend of $0.1849 per share. This represents a $0.74 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Tuesday, September 24th. This is a positive change from Direxion Daily META Bear 1X Shares’s previous quarterly dividend of $0.05.