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

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 23,728 shares, a drop of 43.2% from the January 15th total of 41,763 shares. Based on an average trading volume of 802,324 shares, the days-to-cover ratio is presently 0.0 days. Currently, 5.9% of the company’s stock are sold short. Currently, 5.9% of the company’s stock are sold short. Based on an average trading volume of 802,324 shares, the days-to-cover ratio is presently 0.0 days.

Direxion Daily META Bear 1X Shares Trading Up 1.6%

Shares of NASDAQ METD traded up $0.25 during mid-day trading on Friday, reaching $16.12. 640,241 shares of the company were exchanged, compared to its average volume of 581,618. Direxion Daily META Bear 1X Shares has a 1 year low of $13.45 and a 1 year high of $23.35. The firm has a 50-day moving average of $15.89 and a 200 day moving average of $15.33.

Direxion Daily META Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were given a dividend of $0.133 per share. 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%.

Hedge Funds Weigh In On Direxion Daily META Bear 1X Shares

A number of large investors have recently made changes to their positions in the business. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily META Bear 1X Shares during the 2nd quarter valued at $179,000. Optiver Holding B.V. increased 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 buying an additional 2,681 shares in the last quarter. Genesis Financial Group LLC purchased a new stake in Direxion Daily META Bear 1X Shares in the fourth quarter valued at about $720,000. Finally, IMC Chicago LLC acquired a new stake in Direxion Daily META Bear 1X Shares in the fourth quarter worth about $1,037,000.

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.