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

Direxion Daily META Bear 1X Shares (NASDAQ:METD – Get Free Report) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 39,552 shares, a growth of 202.6% from the April 15th total of 13,070 shares. Currently, 9.2% of the company’s shares are short sold. Based on an average daily volume of 277,661 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Direxion Daily META Bear 1X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IMC Chicago LLC acquired a new stake in Direxion Daily META Bear 1X Shares during the 4th quarter valued at approximately $1,037,000. Genesis Financial Group LLC bought a new position in shares of Direxion Daily META Bear 1X Shares during the 4th quarter worth approximately $720,000. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily META Bear 1X Shares during the 2nd quarter worth approximately $179,000. Finally, Optiver Holding B.V. boosted its holdings in shares of 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 worth $223,000 after buying an additional 2,681 shares in the last quarter.

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Direxion Daily META Bear 1X Shares Stock Performance

NASDAQ:METD traded up $0.11 on Friday, reaching $16.31. 110,975 shares of the stock traded hands, compared to its average volume of 419,447. The company’s 50 day moving average is $16.39 and its 200-day moving average is $16.20. Direxion Daily META Bear 1X Shares has a 1-year low of $13.45 and a 1-year high of $19.54.

Direxion Daily META Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a dividend of $0.0691 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, March 24th.

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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