Direxion Daily META Bear 1X Shares (NASDAQ:METD – Get Free Report) saw a significant 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. Currently, 23.7% of the shares of the stock are sold short. Based on an average daily volume of 241,000 shares, the days-to-cover ratio is currently 0.3 days.
Direxion Daily META Bear 1X Shares Price Performance
METD stock traded up $0.09 during midday trading on Monday, reaching $19.07. The company had a trading volume of 84,980 shares, compared to its average volume of 305,814. The firm has a 50-day moving average price of $17.69 and a 200-day moving average price of $19.50. Direxion Daily META Bear 1X Shares has a 1 year low of $15.68 and a 1 year high of $26.62.
Direxion Daily META Bear 1X Shares Announces Dividend
The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.2228 dividend. The ex-dividend date of this dividend was Monday, December 23rd.
Institutional Investors Weigh In On Direxion Daily META Bear 1X Shares
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.
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