Direxion Daily META Bear 1X Shares (NASDAQ:METD) Trading 0.1% Higher – Time to Buy?

Direxion Daily META Bear 1X Shares (NASDAQ:METDGet Free Report)’s share price rose 0.1% during trading on Thursday . The stock traded as high as $16.33 and last traded at $16.27. 324,985 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 468,696 shares. The stock had previously closed at $16.26.

Direxion Daily META Bear 1X Shares Trading Up 0.1%

The firm has a fifty day moving average price of $16.44 and a two-hundred day moving average price of $16.25.

Direxion Daily META Bear 1X Shares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.0977 dividend. This represents a $0.39 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, June 23rd.

Institutional Investors Weigh In On Direxion Daily META Bear 1X Shares

Institutional investors and hedge funds have recently made changes to their positions in the company. Optiver Holding B.V. lifted its position in Direxion Daily META Bear 1X Shares by 58.2% in the 1st quarter. Optiver Holding B.V. now owns 21,191 shares of the company’s stock valued at $376,000 after acquiring an additional 7,800 shares in the last quarter. Genesis Financial Group LLC raised its stake in shares of Direxion Daily META Bear 1X Shares by 13.2% in the first quarter. Genesis Financial Group LLC now owns 51,400 shares of the company’s stock worth $911,000 after purchasing an additional 6,000 shares during the last quarter. IMC Chicago LLC lifted its holdings in shares of Direxion Daily META Bear 1X Shares by 60.8% during the first quarter. IMC Chicago LLC now owns 105,235 shares of the company’s stock valued at $1,865,000 after purchasing an additional 39,785 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily META Bear 1X Shares during the second quarter valued at $179,000.

About Direxion Daily META Bear 1X Shares

(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.

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