Direxion Daily META Bear 1X Shares (NASDAQ:METD) Short Interest Update

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 8,023 shares, a decline of 79.7% from the April 30th total of 39,552 shares. Based on an average daily volume of 169,869 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.9% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Optiver Holding B.V. grew its holdings in 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 worth $223,000 after acquiring an additional 2,681 shares during the last quarter. Genesis Financial Group LLC increased its holdings in Direxion Daily META Bear 1X Shares by 13.2% in the first quarter. Genesis Financial Group LLC now owns 51,400 shares of the company’s stock valued at $911,000 after purchasing an additional 6,000 shares during the period. Flow Traders U.S. LLC acquired a new stake in Direxion Daily META Bear 1X Shares in the second quarter valued at $179,000. Finally, IMC Chicago LLC raised its position in Direxion Daily META Bear 1X Shares by 60.8% during the 1st quarter. IMC Chicago LLC now owns 105,235 shares of the company’s stock worth $1,865,000 after purchasing an additional 39,785 shares during the last quarter.

Direxion Daily META Bear 1X Shares Trading Up 1.0%

NASDAQ:METD traded up $0.15 during trading hours on Friday, reaching $15.93. 71,731 shares of the company were exchanged, compared to its average volume of 392,772. The business has a 50 day moving average of $16.42 and a 200 day moving average of $16.24. 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 business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a $0.0691 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.7%.

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.