Direxion Daily META Bear 1X Shares (NASDAQ:METD) Short Interest Down 88.3% in December

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 7,486 shares, a decrease of 88.3% from the November 30th total of 64,079 shares. Based on an average trading volume of 408,570 shares, the short-interest ratio is presently 0.0 days. Currently, 1.7% of the shares of the company are short sold. Currently, 1.7% of the shares of the company are short sold. Based on an average trading volume of 408,570 shares, the short-interest ratio is presently 0.0 days.

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

A number of hedge funds have recently made changes to their positions in the stock. Jump Financial LLC grew 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 worth $1,135,000 after acquiring an additional 43,779 shares during the last quarter. Optiver Holding B.V. increased its holdings in Direxion Daily META Bear 1X Shares by 21.1% in the third quarter. Optiver Holding B.V. now owns 15,363 shares of the company’s stock worth $223,000 after purchasing an additional 2,681 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily META Bear 1X Shares during the 2nd quarter valued at $179,000.

Direxion Daily META Bear 1X Shares Trading Up 0.7%

NASDAQ:METD traded up $0.11 during trading hours on Friday, reaching $15.76. 71,328 shares of the company were exchanged, compared to its average volume of 279,647. The business has a 50 day moving average of $16.14 and a 200 day moving average of $15.20. Direxion Daily META Bear 1X Shares has a 1-year low of $13.45 and a 1-year high of $23.35.

Direxion Daily META Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd will be given a dividend of $0.133 per share. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $0.53 annualized dividend and a yield of 3.4%.

About Direxion Daily META Bear 1X Shares

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.