Short Interest in Direxion Daily META Bear 1X Shares (NASDAQ:METD) Rises By 70.2%

Direxion Daily META Bear 1X Shares (NASDAQ:METD) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 22,300 shares, an increase of 70.2% from the October 15th total of 13,100 shares. Based on an average daily trading volume, of 51,500 shares, the days-to-cover ratio is presently 0.4 days.

Direxion Daily META Bear 1X Shares Stock Performance

Shares of NASDAQ:METD traded up $0.16 during midday trading on Wednesday, reaching $20.21. The company’s stock had a trading volume of 10,756 shares, compared to its average volume of 41,327. Direxion Daily META Bear 1X Shares has a fifty-two week low of $19.46 and a fifty-two week high of $26.62. The stock’s fifty day simple moving average is $20.81.

Direxion Daily META Bear 1X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a $0.1849 dividend. The ex-dividend date was Tuesday, September 24th. This is a positive change from Direxion Daily META Bear 1X Shares’s previous quarterly dividend of $0.05. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.66%.