Short Interest in Direxion Daily META Bear 1X Shares (NASDAQ:METD) Drops By 23.6%

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totalling 26,500 shares, a drop of 23.6% from the March 15th total of 34,700 shares. Based on an average trading volume of 275,700 shares, the short-interest ratio is presently 0.1 days. Approximately 8.8% of the shares of the stock are short sold.

Direxion Daily META Bear 1X Shares Stock Up 3.7 %

Shares of METD stock traded up $0.82 during trading on Monday, hitting $22.73. The company had a trading volume of 52,789 shares, compared to its average volume of 256,856. Direxion Daily META Bear 1X Shares has a 52 week low of $15.68 and a 52 week high of $26.62. The stock’s 50-day moving average is $18.98 and its two-hundred day moving average is $19.21.

Direxion Daily META Bear 1X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were given a dividend of $0.1687 per share. The ex-dividend date was Tuesday, March 25th. This represents a $0.67 dividend on an annualized basis and a yield of 2.97%.

Institutional Trading of Direxion Daily META Bear 1X Shares

Hedge funds have recently bought and sold shares of the company. Jump Financial LLC purchased a new stake in shares of Direxion Daily META Bear 1X Shares in the 4th quarter valued at $269,000. Optiver Holding B.V. bought a new position in shares of Direxion Daily META Bear 1X Shares during the fourth quarter valued at about $804,000. Finally, IMC Chicago LLC increased its holdings in shares of Direxion Daily META Bear 1X Shares by 135.9% in the fourth quarter. IMC Chicago LLC now owns 76,115 shares of the company’s stock worth $1,509,000 after buying an additional 43,845 shares during the period.

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.