Direxion Daily META Bear 1X ETF (NASDAQ:METD – Get Free Report) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 8,206 shares, a decrease of 58.5% from the September 30th total of 19,763 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 572,145 shares, the short-interest ratio is presently 0.0 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. IMC Chicago LLC raised its holdings in shares of Direxion Daily META Bear 1X ETF by 60.8% in the first quarter. IMC Chicago LLC now owns 105,235 shares of the company’s stock worth $1,865,000 after acquiring an additional 39,785 shares during the last quarter. Optiver Holding B.V. boosted its stake in Direxion Daily META Bear 1X ETF by 58.2% during 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 during the last quarter. Finally, Genesis Financial Group LLC boosted its holdings in shares of Direxion Daily META Bear 1X ETF by 13.2% in the 1st quarter. Genesis Financial Group LLC now owns 51,400 shares of the company’s stock valued at $911,000 after buying an additional 6,000 shares during the period.
Direxion Daily META Bear 1X ETF Price Performance
Shares of METD stock traded up $0.24 during trading hours on Friday, reaching $15.03. 197,762 shares of the company’s stock were exchanged, compared to its average volume of 555,280. Direxion Daily META Bear 1X ETF has a 1 year low of $11.98 and a 1 year high of $19.54. The stock’s fifty day moving average price is $14.21 and its two-hundred day moving average price is $15.75.
Direxion Daily META Bear 1X ETF 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.
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