Direxion Daily META Bear 1X Shares (NASDAQ:METD) Short Interest Down 38.1% in February

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 75,800 shares, a decline of 38.1% from the February 13th total of 122,500 shares. Based on an average trading volume of 241,000 shares, the short-interest ratio is presently 0.3 days. Currently, 23.7% of the company’s stock are sold short.

Direxion Daily META Bear 1X Shares Price Performance

Shares of METD traded down $0.56 during mid-day trading on Friday, hitting $18.98. 127,256 shares of the company’s stock were exchanged, compared to its average volume of 310,309. Direxion Daily META Bear 1X Shares has a 52 week low of $15.68 and a 52 week high of $26.62. The company has a 50-day simple moving average of $17.69 and a 200 day simple moving average of $19.50.

Direxion Daily META Bear 1X Shares Announces Dividend

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

Hedge Funds Weigh In On Direxion Daily META Bear 1X Shares

Several hedge funds and other institutional investors have recently made changes to their positions in METD. Jump Financial LLC bought a new position in Direxion Daily META Bear 1X Shares during the fourth quarter worth $269,000. Optiver Holding B.V. acquired a new stake in shares of Direxion Daily META Bear 1X Shares during the fourth quarter worth $804,000. Finally, IMC Chicago LLC grew its stake 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 valued at $1,509,000 after acquiring an additional 43,845 shares in the last quarter.

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.