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

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 9,800 shares, a growth of 27.3% from the August 31st total of 7,700 shares. Based on an average daily volume of 38,500 shares, the short-interest ratio is currently 0.3 days.

Direxion Daily META Bear 1X Shares Stock Performance

Shares of Direxion Daily META Bear 1X Shares stock traded down $0.05 on Monday, hitting $20.61. The stock had a trading volume of 7,472 shares, compared to its average volume of 34,961. Direxion Daily META Bear 1X Shares has a 52-week low of $20.27 and a 52-week high of $26.62. The business has a 50 day moving average price of $22.92.

Direxion Daily META Bear 1X Shares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th will be issued a $0.1849 dividend. This is an increase from Direxion Daily META Bear 1X Shares’s previous quarterly dividend of $0.05. This represents a $0.74 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Tuesday, September 24th.