Genesis Financial Group LLC Acquires New Position in Direxion Daily META Bear 1X Shares $METD

Genesis Financial Group LLC acquired a new stake in Direxion Daily META Bear 1X Shares (NASDAQ:METD) during the fourth quarter, HoldingsChannel reports. The fund acquired 45,400 shares of the company’s stock, valued at approximately $720,000. Genesis Financial Group LLC owned about 0.12% of Direxion Daily META Bear 1X Shares at the end of the most recent reporting period.

Separately, Optiver Holding B.V. raised its position 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 valued at $223,000 after acquiring an additional 2,681 shares during the last quarter.

Direxion Daily META Bear 1X Shares Price Performance

METD stock opened at $17.68 on Friday. Direxion Daily META Bear 1X Shares has a twelve month low of $13.45 and a twelve month high of $23.35. The business’s fifty day moving average is $16.19 and its 200-day moving average is $15.90.

Direxion Daily META Bear 1X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.0691 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, March 24th.

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.