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

Direxion Daily META Bear 1X Shares (NASDAQ:METDGet Free Report) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 32,000 shares, a decrease of 57.8% from the September 15th total of 75,900 shares. Based on an average daily trading volume, of 267,800 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 267,800 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Direxion Daily META Bear 1X Shares

An institutional investor recently bought a new position in Direxion Daily META Bear 1X Shares stock. Flow Traders U.S. LLC purchased a new stake in Direxion Daily META Bear 1X Shares (NASDAQ:METDFree Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 12,230 shares of the company’s stock, valued at approximately $179,000. Flow Traders U.S. LLC owned approximately 2.45% of Direxion Daily META Bear 1X Shares at the end of the most recent quarter.

Direxion Daily META Bear 1X Shares Stock Performance

METD stock opened at $14.85 on Friday. Direxion Daily META Bear 1X Shares has a 52 week low of $13.45 and a 52 week high of $23.35. The business has a fifty day simple moving average of $14.34 and a 200-day simple moving average of $16.12.

Direxion Daily META Bear 1X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were issued a $0.1336 dividend. The ex-dividend date was Tuesday, September 23rd. This represents a $0.53 annualized dividend and a yield of 3.6%. This is an increase from Direxion Daily META Bear 1X Shares’s previous quarterly dividend of $0.10.

Direxion Daily META Bear 1X Shares Company Profile

(Get Free Report)

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.

Further Reading

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