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

Direxion Daily META Bear 1X Shares (NASDAQ:METD) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 122,500 shares, a decrease 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 currently 0.6 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of METD. Jump Financial LLC bought a new position in Direxion Daily META Bear 1X Shares during the fourth quarter valued at $269,000. Optiver Holding B.V. bought a new position in Direxion Daily META Bear 1X Shares during the fourth quarter valued at $804,000. Finally, IMC Chicago LLC grew its holdings in Direxion Daily META Bear 1X Shares by 135.9% during the fourth quarter. IMC Chicago LLC now owns 76,115 shares of the company’s stock valued at $1,509,000 after purchasing an additional 43,845 shares during the period.

Direxion Daily META Bear 1X Shares Stock Performance

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

Direxion Daily META Bear 1X Shares Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued 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.