Short Interest in Direxion Daily META Bear 1X Shares (NASDAQ:METD) Expands By 32,518.2%

Direxion Daily META Bear 1X Shares (NASDAQ:METD) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 358,800 shares, anincreaseof32,518.2% from the July 15th total of 1,100 shares. Currently,71.8% of the shares of the company are short sold. Based on an average daily volume of 197,400 shares, the short-interest ratio is presently 1.8 days. Based on an average daily volume of 197,400 shares, the short-interest ratio is presently 1.8 days. Currently,71.8% of the shares of the company are short sold.

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

A number of large investors have recently made changes to their positions in the company. IMC Chicago LLC increased its stake in shares of Direxion Daily META Bear 1X Shares by 14.9% during the first quarter. IMC Chicago LLC now owns 87,449 shares of the company’s stock worth $1,731,000 after purchasing an additional 11,334 shares during the period. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily META Bear 1X Shares during the second quarter worth approximately $179,000. Jump Financial LLC bought a new position in shares of Direxion Daily META Bear 1X Shares during the fourth quarter worth approximately $269,000. Finally, Optiver Holding B.V. bought a new position in shares of Direxion Daily META Bear 1X Shares during the fourth quarter worth approximately $804,000.

Direxion Daily META Bear 1X Shares Trading Down 0.3%

Shares of NASDAQ METD opened at $13.65 on Friday. Direxion Daily META Bear 1X Shares has a 1-year low of $13.45 and a 1-year high of $23.81. The business’s 50 day moving average is $14.95 and its 200-day moving average is $17.19.

Direxion Daily META Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were paid a dividend of $0.0954 per share. The ex-dividend date was Tuesday, June 24th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 2.8%.

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.