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

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 75,800 shares, a decrease of 38.1% from the February 13th total of 122,500 shares. Currently, 23.7% of the shares of the company are sold short. Based on an average daily volume of 241,000 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On 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 about $269,000. Optiver Holding B.V. purchased a new position in shares of Direxion Daily META Bear 1X Shares in the 4th quarter worth about $804,000. Finally, IMC Chicago LLC grew its position 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 acquiring an additional 43,845 shares during the last quarter.

Direxion Daily META Bear 1X Shares Price Performance

NASDAQ:METD traded down $0.56 on Friday, reaching $18.98. 127,256 shares of the company’s stock were exchanged, compared to its average volume of 310,309. The stock has a fifty day simple moving average of $17.69 and a 200-day simple moving average of $19.50. 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 Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.2228 dividend. 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.