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 during the month of February. As of February 15th, there was short interest totalling 122,500 shares, a decline of 49.1% from the January 31st total of 240,900 shares. Based on an average trading volume of 219,900 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Direxion Daily META Bear 1X Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. IMC Chicago LLC grew its position in Direxion Daily META Bear 1X Shares by 135.9% during the 4th quarter. IMC Chicago LLC now owns 76,115 shares of the company’s stock worth $1,509,000 after acquiring an additional 43,845 shares during the last quarter. Optiver Holding B.V. bought a new stake in shares of Direxion Daily META Bear 1X Shares in the 4th quarter valued at about $804,000. Finally, Jump Financial LLC bought a new stake in shares of Direxion Daily META Bear 1X Shares in the 4th quarter valued at about $269,000.

Direxion Daily META Bear 1X Shares Trading Up 2.0 %

METD stock traded up $0.34 during midday trading on Monday, reaching $17.72. 159,811 shares of the stock were exchanged, compared to its average volume of 341,883. Direxion Daily META Bear 1X Shares has a 52 week low of $15.68 and a 52 week high of $26.62. The company has a fifty day moving average price of $17.84 and a 200 day moving average price of $19.77.

Direxion Daily META Bear 1X Shares Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.2228 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.