Direxion Daily META Bear 1X Shares (NASDAQ:METD) Sees Large Increase in Short Interest

Direxion Daily META Bear 1X Shares (NASDAQ:METD) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 9,800 shares, an increase of 27.3% from the August 31st total of 7,700 shares. Based on an average trading volume of 38,500 shares, the short-interest ratio is presently 0.3 days.

Direxion Daily META Bear 1X Shares Stock Down 0.2 %

METD traded down $0.05 on Monday, hitting $20.61. 7,472 shares of the company traded hands, compared to its average volume of 34,961. The stock’s 50 day moving average is $22.92. Direxion Daily META Bear 1X Shares has a 12-month low of $20.27 and a 12-month high of $26.62.

Direxion Daily META Bear 1X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th will be paid a dividend of $0.1849 per share. The ex-dividend date of this dividend is Tuesday, September 24th. This is an increase from Direxion Daily META Bear 1X Shares’s previous quarterly dividend of $0.05. This represents a $0.74 annualized dividend and a yield of 3.59%.