Direxion Daily META Bear 1X Shares (NASDAQ:METD) Stock Price Down 0.5% – Here’s What Happened

by · The Cerbat Gem

Shares of Direxion Daily META Bear 1X Shares (NASDAQ:METD – Get Free Report) fell 0.5% during trading on Tuesday . The company traded as low as $14.56 and last traded at $14.69. Approximately 637,538 shares were traded during trading, an increase of 44% from the average session volume of 444,172 shares. The stock had previously closed at $14.77.

Direxion Daily META Bear 1X Shares Price Performance

The stock’s 50-day moving average price is $16.54 and its two-hundred day moving average price is $16.26.

Direxion Daily META Bear 1X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $0.0977 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, June 23rd.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. IMC Chicago LLC bought a new stake in shares of Direxion Daily META Bear 1X Shares in the 4th quarter worth approximately $1,037,000. Genesis Financial Group LLC bought a new position in Direxion Daily META Bear 1X Shares during the 4th quarter valued at approximately $720,000. Flow Traders U.S. LLC purchased a new position in Direxion Daily META Bear 1X Shares during the second quarter valued at $179,000. Finally, Optiver Holding B.V. raised its stake 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 last quarter.

About Direxion Daily META Bear 1X Shares

(Get Free Report)

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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