Short Interest in Direxion Daily META Bear 1X Shares (NASDAQ:METD) Rises By 202.6%

Direxion Daily META Bear 1X Shares (NASDAQ:METD) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 39,552 shares, a growth of 202.6% from the April 15th total of 13,070 shares. Approximately 9.2% of the company’s shares are sold short. Based on an average daily trading volume, of 277,661 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily META Bear 1X Shares Trading Down 0.4%

Shares of METD traded down $0.06 during trading hours on Thursday, hitting $16.20. 124,576 shares of the stock traded hands, compared to its average volume of 422,801. The business has a fifty day moving average of $16.37 and a 200-day moving average of $16.20. Direxion Daily META Bear 1X Shares has a 1-year low of $13.45 and a 1-year high of $19.54.

Direxion Daily META Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a dividend of $0.0691 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, March 24th.

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

Several large investors have recently bought and sold shares of METD. Flow Traders U.S. LLC acquired a new stake in Direxion Daily META Bear 1X Shares during the 2nd quarter worth $179,000. Optiver Holding B.V. lifted its stake in shares of Direxion Daily META Bear 1X Shares by 21.1% in the 3rd quarter. Optiver Holding B.V. now owns 15,363 shares of the company’s stock valued at $223,000 after purchasing an additional 2,681 shares during the period. Genesis Financial Group LLC bought a new position in shares of Direxion Daily META Bear 1X Shares in the 4th quarter worth $720,000. Finally, IMC Chicago LLC acquired a new stake in shares of Direxion Daily META Bear 1X Shares during the fourth quarter worth $1,037,000.

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.