Direxion Daily META Bear 1X Shares (NASDAQ:METD) Short Interest Up 77.5% in February

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 42,112 shares, an increase of 77.5% from the January 29th total of 23,728 shares. Currently, 10.5% of the company’s stock are short sold. Based on an average trading volume of 715,306 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 715,306 shares, the days-to-cover ratio is currently 0.1 days. Currently, 10.5% of the company’s stock are short sold.

Institutional Trading of Direxion Daily META Bear 1X Shares

Hedge funds have recently modified their holdings of the business. IMC Chicago LLC bought a new position in shares of Direxion Daily META Bear 1X Shares in the 4th quarter worth about $1,037,000. Genesis Financial Group LLC purchased a new stake in Direxion Daily META Bear 1X Shares in the fourth quarter worth about $720,000. Optiver Holding B.V. grew 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 during the period. Finally, Flow Traders U.S. LLC bought a new position in shares of Direxion Daily META Bear 1X Shares during the second quarter valued at approximately $179,000.

Direxion Daily META Bear 1X Shares Stock Up 1.4%

Shares of NASDAQ:METD traded up $0.22 during trading on Friday, hitting $15.94. The stock had a trading volume of 402,485 shares, compared to its average volume of 560,120. The firm’s fifty day moving average is $15.88 and its 200 day moving average is $15.49. Direxion Daily META Bear 1X Shares has a 12 month low of $13.45 and a 12 month high of $23.35.

Direxion Daily META Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a $0.133 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $0.53 dividend on an annualized basis and a yield of 3.3%.

Direxion Daily META Bear 1X Shares 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.