Direxion Daily META Bear 1X Shares (NASDAQ:METD) Sees Significant Decline in Short Interest

Direxion Daily META Bear 1X Shares (NASDAQ:METD) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 25,577 shares, a decrease of 66.9% from the July 15th total of 77,379 shares. Currently, 4.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 679,794 shares, the short-interest ratio is currently 0.0 days.

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

A number of hedge funds and other institutional investors have recently modified their holdings of METD. Genesis Financial Group LLC raised its holdings in Direxion Daily META Bear 1X Shares by 13.2% during the 1st quarter. Genesis Financial Group LLC now owns 51,400 shares of the company’s stock worth $911,000 after buying an additional 6,000 shares during the period. Optiver Holding B.V. boosted its holdings in shares of Direxion Daily META Bear 1X Shares by 58.2% in the first quarter. Optiver Holding B.V. now owns 21,191 shares of the company’s stock worth $376,000 after buying an additional 7,800 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily META Bear 1X Shares in the second quarter worth approximately $179,000. Finally, IMC Chicago LLC increased its position in shares of Direxion Daily META Bear 1X Shares by 60.8% in the first quarter. IMC Chicago LLC now owns 105,235 shares of the company’s stock worth $1,865,000 after acquiring an additional 39,785 shares in the last quarter.

Direxion Daily META Bear 1X Shares Stock Performance

Shares of METD traded up $0.15 during trading hours on Friday, hitting $16.25. 173,115 shares of the company were exchanged, compared to its average volume of 461,379. The firm has a fifty day simple moving average of $16.42 and a 200-day simple moving average of $16.23. Direxion Daily META Bear 1X Shares has a one year low of $13.45 and a one year high of $19.54.

Direxion Daily META Bear 1X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.0977 per share. This represents a $0.39 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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.