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

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 57,063 shares, an increase of 52.4% from the March 15th total of 37,455 shares. Based on an average daily volume of 338,701 shares, the days-to-cover ratio is currently 0.2 days. Currently, 10.4% of the company’s stock are sold short.

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

A number of hedge funds have recently bought and sold shares of the business. Genesis Financial Group LLC bought a new stake in shares of Direxion Daily META Bear 1X Shares in the 4th quarter worth approximately $720,000. IMC Chicago LLC bought a new stake in shares of Direxion Daily META Bear 1X Shares in the 4th quarter worth approximately $1,037,000. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily META Bear 1X Shares in the 2nd quarter worth approximately $179,000. Finally, Optiver Holding B.V. lifted its holdings 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 worth $223,000 after purchasing an additional 2,681 shares during the last quarter.

Direxion Daily META Bear 1X Shares Price Performance

NASDAQ METD traded down $0.20 during mid-day trading on Wednesday, reaching $15.01. 329,090 shares of the company’s stock traded hands, compared to its average volume of 479,174. Direxion Daily META Bear 1X Shares has a 1-year low of $13.45 and a 1-year high of $22.86. The company has a fifty day simple moving average of $16.43 and a 200-day simple moving average of $16.07.

Direxion Daily META Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders 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 yield of 1.8%. The ex-dividend date was Tuesday, March 24th.

About Direxion Daily META Bear 1X Shares

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.