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

Direxion Daily META Bear 1X Shares (NASDAQ:METD) saw a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 42,112 shares, a growth of 77.5% from the January 29th total of 23,728 shares. Currently, 10.5% of the company’s shares are short sold. Based on an average daily volume of 715,306 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 715,306 shares, the days-to-cover ratio is currently 0.1 days. Currently, 10.5% of the company’s shares are short sold.

Direxion Daily META Bear 1X Shares Trading Up 1.4%

NASDAQ METD opened at $15.94 on Monday. Direxion Daily META Bear 1X Shares has a fifty-two week low of $13.45 and a fifty-two week high of $23.35. The stock has a 50 day simple moving average of $15.88 and a two-hundred day simple moving average of $15.49.

Direxion Daily META Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a $0.133 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.53 dividend on an annualized basis and a yield of 3.3%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in METD. IMC Chicago LLC purchased a new stake in shares of Direxion Daily META Bear 1X Shares in the 4th quarter worth about $1,037,000. Genesis Financial Group LLC purchased a new stake in Direxion Daily META Bear 1X Shares in the fourth quarter worth about $720,000. Optiver Holding B.V. boosted its position in Direxion Daily META Bear 1X Shares by 21.1% during the 3rd quarter. Optiver Holding B.V. now owns 15,363 shares of the company’s stock valued at $223,000 after acquiring an additional 2,681 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in Direxion Daily META Bear 1X Shares during the 2nd quarter valued at approximately $179,000.

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.