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

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the recipient of a large decline in short interest in August. As of August 15th, there was short interest totaling 68,400 shares, adeclineof80.9% from the July 31st total of 358,800 shares. Based on an average daily volume of 213,800 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 213,800 shares, the short-interest ratio is currently 0.3 days.

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

Several institutional investors have recently modified their holdings of METD. IMC Chicago LLC grew its holdings in shares of Direxion Daily META Bear 1X Shares by 14.9% in the first quarter. IMC Chicago LLC now owns 87,449 shares of the company’s stock valued at $1,731,000 after acquiring an additional 11,334 shares in the last quarter. Jump Financial LLC grew its holdings in shares of Direxion Daily META Bear 1X Shares by 323.0% in the first quarter. Jump Financial LLC now owns 57,333 shares of the company’s stock valued at $1,135,000 after acquiring an additional 43,779 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of Direxion Daily META Bear 1X Shares in the second quarter valued at approximately $179,000.

Direxion Daily META Bear 1X Shares Price Performance

Shares of METD opened at $14.60 on Wednesday. The stock has a 50 day moving average price of $14.64 and a two-hundred day moving average price of $17.02. Direxion Daily META Bear 1X Shares has a 52 week low of $13.45 and a 52 week high of $23.81.

Direxion Daily META Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were issued a $0.0954 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $0.38 annualized dividend and a dividend yield of 2.6%.

Direxion Daily META Bear 1X Shares 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.