Direxion Daily META Bear 1X Shares (NASDAQ:METD) Short Interest Down 40.8% in November

Direxion Daily META Bear 1X Shares (NASDAQ:METD) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 13,200 shares, a decline of 40.8% from the October 31st total of 22,300 shares. Based on an average trading volume of 47,100 shares, the days-to-cover ratio is currently 0.3 days.

Direxion Daily META Bear 1X Shares Stock Up 0.8 %

Shares of METD stock traded up $0.17 on Thursday, reaching $20.64. 29,568 shares of the stock were exchanged, compared to its average volume of 40,034. Direxion Daily META Bear 1X Shares has a one year low of $19.46 and a one year high of $26.62. The firm’s 50 day moving average price is $20.42.

Direxion Daily META Bear 1X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a dividend of $0.1849 per share. The ex-dividend date was Tuesday, September 24th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.58%. This is an increase from Direxion Daily META Bear 1X Shares’s previous quarterly dividend of $0.05.