Direxion Daily META Bear 1X Shares (NASDAQ:METD) Shares Up 1.2% – Should You Buy?

Direxion Daily META Bear 1X Shares (NASDAQ:METD) shares rose 1.2% during mid-day trading on Wednesday . The company traded as high as $16.49 and last traded at $16.46. Approximately 282,436 shares were traded during trading, an increase of 3% from the average daily volume of 274,127 shares. The stock had previously closed at $16.27.

Direxion Daily META Bear 1X Shares Stock Up 1.2%

The stock’s fifty day moving average price is $15.76 and its 200 day moving average price is $15.27.

Direxion Daily META Bear 1X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were given a dividend of $0.1336 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from Direxion Daily META Bear 1X Shares’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, September 23rd.

Institutional Trading of Direxion Daily META Bear 1X Shares

Large investors have recently modified their holdings of the company. Jump Financial LLC raised its position in Direxion Daily META Bear 1X Shares by 323.0% during the 1st quarter. Jump Financial LLC now owns 57,333 shares of the company’s stock valued at $1,135,000 after purchasing an additional 43,779 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily META Bear 1X Shares in the 2nd quarter worth $179,000. Finally, Optiver Holding B.V. increased its stake in shares of 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 buying an additional 2,681 shares during the period.

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.