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. Based on an average daily trading volume, of 572,145 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.1% of the shares of the company are short sold.
Institutional Investors Weigh In On Direxion Daily META Bear 1X ETF
Hedge funds have recently added to or reduced their stakes in the company. Genesis Financial Group LLC lifted 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. Optiver Holding B.V. grew its holdings in Direxion Daily META Bear 1X ETF by 58.2% during the first quarter. Optiver Holding B.V. now owns 21,191 shares of the company’s stock worth $376,000 after acquiring an additional 7,800 shares during the period. Finally, IMC Chicago LLC grew its holdings in Direxion Daily META Bear 1X ETF by 60.8% during 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 period.
Direxion Daily META Bear 1X ETF Stock Up 1.6%
Shares of NASDAQ:METD traded up $0.24 during midday trading on Friday, hitting $15.03. The stock had a trading volume of 200,657 shares, compared to its average volume of 555,294. The stock has a 50 day moving average price of $14.16 and a two-hundred day moving average price of $15.74. Direxion Daily META Bear 1X ETF has a 1 year low of $11.98 and a 1 year high of $19.54.
About Direxion Daily META Bear 1X ETF
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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