IMC Chicago LLC Grows Position in Direxion Daily META Bear 1X Shares $METD

IMC Chicago LLC raised its position in shares of Direxion Daily META Bear 1X Shares (NASDAQ:METD) by 60.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,235 shares of the company’s stock after acquiring an additional 39,785 shares during the period. IMC Chicago LLC owned approximately 24.47% of Direxion Daily META Bear 1X Shares worth $1,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Genesis Financial Group LLC bought a new stake in Direxion Daily META Bear 1X Shares in the fourth quarter worth $720,000.

Direxion Daily META Bear 1X Shares Stock Down 3.1%

Direxion Daily META Bear 1X Shares stock opened at $14.24 on Thursday. Direxion Daily META Bear 1X Shares has a 52-week low of $13.45 and a 52-week high of $19.54. The firm’s fifty day moving average is $16.54 and its 200 day moving average is $16.26.

Direxion Daily META Bear 1X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.0977 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.39 dividend on an annualized basis and a dividend yield of 2.7%.

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.