Short Interest in Direxion Daily META Bear 1X Shares (NASDAQ:METD) Declines By 49.1%

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the target of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 122,500 shares, a decrease of 49.1% from the January 31st total of 240,900 shares. Based on an average daily volume of 219,900 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Direxion Daily META Bear 1X Shares

A number of large investors have recently bought and sold shares of METD. Jump Financial LLC bought a new stake in Direxion Daily META Bear 1X Shares in the fourth quarter valued at $269,000. Optiver Holding B.V. bought a new stake in Direxion Daily META Bear 1X Shares in the fourth quarter valued at $804,000. Finally, IMC Chicago LLC grew its position in 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 valued at $1,509,000 after acquiring an additional 43,845 shares during the period.

Direxion Daily META Bear 1X Shares Stock Performance

Shares of NASDAQ METD opened at $17.38 on Friday. The business has a fifty day simple moving average of $17.90 and a 200 day simple moving average of $19.84. Direxion Daily META Bear 1X Shares has a one year low of $15.68 and a one year high of $26.62.

Direxion Daily META Bear 1X Shares Dividend Announcement

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