Direxion Daily META Bear 1X Shares (NASDAQ:METD) Short Interest Up 27.3% in September

Direxion Daily META Bear 1X Shares (NASDAQ:METD) saw a large increase in short interest in 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 daily volume of 38,500 shares, the days-to-cover ratio is presently 0.3 days.

Direxion Daily META Bear 1X Shares Trading Up 0.1 %

NASDAQ:METD traded up $0.03 during mid-day trading on Friday, reaching $20.66. The company’s stock had a trading volume of 20,795 shares, compared to its average volume of 35,310. The stock’s fifty day moving average price is $22.92. Direxion Daily META Bear 1X Shares has a twelve month low of $20.27 and a twelve month high of $26.62.

Direxion Daily META Bear 1X Shares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th will be given a $0.1849 dividend. The ex-dividend date of this dividend is Tuesday, September 24th. This is a boost from Direxion Daily META Bear 1X Shares’s previous quarterly dividend of $0.05. This represents a $0.74 annualized dividend and a dividend yield of 3.58%.