Direxion Daily META Bear 1X Shares (NASDAQ:METD) Trading 0.1% Higher – What’s Next?

Direxion Daily META Bear 1X Shares (NASDAQ:METD)’s stock price traded up 0.1% during trading on Thursday . The company traded as high as $16.33 and last traded at $16.27. Approximately 324,985 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 468,696 shares. The stock had previously closed at $16.26.

Direxion Daily META Bear 1X Shares Stock Performance

The business’s 50 day simple moving average is $16.44 and its two-hundred day simple moving average is $16.25.

Direxion Daily META Bear 1X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.0977 per share. This represents a $0.39 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Tuesday, June 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Genesis Financial Group LLC lifted its stake in shares of Direxion Daily META Bear 1X Shares by 13.2% in the 1st quarter. Genesis Financial Group LLC now owns 51,400 shares of the company’s stock worth $911,000 after purchasing an additional 6,000 shares during the period. Optiver Holding B.V. grew its position in Direxion Daily META Bear 1X Shares by 58.2% during the first quarter. Optiver Holding B.V. now owns 21,191 shares of the company’s stock valued at $376,000 after buying an additional 7,800 shares during the period. Flow Traders U.S. LLC bought a new stake in Direxion Daily META Bear 1X Shares during the second quarter valued at approximately $179,000. Finally, IMC Chicago LLC increased its holdings in Direxion Daily META Bear 1X Shares by 60.8% during the first quarter. IMC Chicago LLC now owns 105,235 shares of the company’s stock valued at $1,865,000 after buying an additional 39,785 shares during 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.