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 recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 122,500 shares, a decline of 49.1% from the January 31st total of 240,900 shares. Based on an average trading volume of 219,900 shares, the days-to-cover ratio is presently 0.6 days.

Direxion Daily META Bear 1X Shares Trading Down 1.4 %

Shares of Direxion Daily META Bear 1X Shares stock opened at $17.38 on Friday. The company’s 50-day moving average price is $17.90 and its two-hundred day moving average price is $19.84. 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 disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.2228 per share. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Direxion Daily META Bear 1X Shares

Several institutional investors and hedge funds have recently bought and sold shares of METD. IMC Chicago LLC raised its holdings in Direxion Daily META Bear 1X Shares by 135.9% during the 4th 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. Optiver Holding B.V. acquired a new stake in Direxion Daily META Bear 1X Shares during the 4th quarter worth about $804,000. Finally, Jump Financial LLC acquired a new stake in Direxion Daily META Bear 1X Shares during the 4th quarter worth about $269,000.

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.