Direxion Daily META Bear 1X Shares (NASDAQ:METD) Sees Large Increase in Short Interest

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 32,892 shares, an increase of 339.4% from the December 15th total of 7,486 shares. Based on an average daily trading volume, of 186,098 shares, the short-interest ratio is currently 0.2 days. Approximately 8.7% of the company’s stock are sold short. Approximately 8.7% of the company’s stock are sold short. Based on an average daily trading volume, of 186,098 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Direxion Daily META Bear 1X Shares

An institutional investor recently raised its position in Direxion Daily META Bear 1X Shares stock. Optiver Holding B.V. increased its position in shares of Direxion Daily META Bear 1X Shares (NASDAQ:METD) by 21.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,363 shares of the company’s stock after buying an additional 2,681 shares during the quarter. Optiver Holding B.V. owned about 3.07% of Direxion Daily META Bear 1X Shares worth $223,000 as of its most recent SEC filing.

Direxion Daily META Bear 1X Shares Trading Up 2.8%

Shares of NASDAQ METD traded up $0.46 during mid-day trading on Tuesday, reaching $16.76. The company had a trading volume of 118,116 shares, compared to its average volume of 205,277. The firm has a 50 day simple moving average of $16.40 and a two-hundred day simple moving average of $15.23. Direxion Daily META Bear 1X Shares has a 52-week low of $13.45 and a 52-week high of $23.35.

Direxion Daily META Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.133 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.2%.

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.