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Direxion Daily META Bull 2X Shares (METU) Short Interest Ratio & Short Volume

$33.54 -1.31 (-3.76%)
(As of 12/20/2024 05:45 PM ET)

Direxion Daily META Bull 2X Shares Short Interest Data

Direxion Daily META Bull 2X Shares (METU) has a short interest of 40,300 shares. This marks a -64.46% decrease in short interest from the previous month. The short interest ratio (days to cover) is 0.1, indicating that it would take 0.1 days of the average trading volume of 234,718 shares to cover all short positions.

Current Short Interest
40,300 shares
Previous Short Interest
113,400 shares
Change Vs. Previous Month
-64.46%
Dollar Volume Sold Short
$1.32 million
Short Interest Ratio
0.1 Days to Cover
Last Record Date
November 30, 2024
Outstanding Shares
1,350,000 shares
Percentage of Shares Shorted
2.99%
Today's Trading Volume
270,951 shares
Average Trading Volume
234,718 shares
Today's Volume Vs. Average
115%
Short Selling Direxion Daily META Bull 2X Shares?
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METU Short Interest Over Time

METU Days to Cover Over Time

METU Percentage of Float Shorted Over Time

Direxion Daily META Bull 2X Shares Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
11/30/202440,300 shares $1.32 million -64.5%N/A0.1 $32.79
11/15/2024113,400 shares $3.48 million -57.2%N/A0.5 $30.65
10/31/2024265,200 shares $8.60 million +292.9%N/A1.1 $32.41
10/15/202467,500 shares $2.36 million -39.5%N/A0.3 $34.92
9/30/2024111,500 shares $3.74 million +400.0%N/A0.5 $33.53
9/15/202422,300 shares $633,766.00 +99.1%N/A0.1 $28.42
8/31/202411,200 shares $316,624.00 -82.8%N/A0.1 $28.27
8/15/202465,000 shares $1.96 million -56.5%N/A0.3 $30.14
7/31/2024149,300 shares $3.55 million +67.2%N/A0.8 $23.76
7/15/202489,300 shares $2.36 million No ChangeN/A0.6 $26.40

METU Short Interest - Frequently Asked Questions

What is Direxion Daily META Bull 2X Shares' current short interest?

Short interest is the volume of Direxion Daily META Bull 2X Shares shares that have been sold short but have not yet been closed out or covered. As of November 30th, investors have sold 40,300 shares of METU short. Learn More on Direxion Daily META Bull 2X Shares' current short interest.

Is Direxion Daily META Bull 2X Shares' short interest increasing or decreasing?

Direxion Daily META Bull 2X Shares saw a drop in short interest in November. As of November 30th, there was short interest totaling 40,300 shares, a drop of 64.5% from the previous total of 113,400 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

How does Direxion Daily META Bull 2X Shares' short interest compare to its competitors?
Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.70 billion), Charter Communications, Inc. ($4.55 billion), Spotify Technology S.A. ($3.84 billion), Royal Caribbean Cruises Ltd. ($3.07 billion), International Paper ($3.00 billion), Coinbase Global, Inc. ($2.93 billion), Cencora, Inc. ($2.54 billion), Paychex, Inc. ($2.53 billion), SoFi Technologies, Inc. ($2.24 billion), and Reddit, Inc. ($2.00 billion). View all of the most shorted stocks.

What does it mean to sell short Direxion Daily META Bull 2X Shares stock?

Short selling METU is an investing strategy that aims to generate trading profit from Direxion Daily META Bull 2X Shares as its price is falling. METU shares are trading down $1.31 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

How does a short squeeze work against Direxion Daily META Bull 2X Shares?

A short squeeze for Direxion Daily META Bull 2X Shares occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of METU, which in turn drives the price of the stock up even further.

How often is Direxion Daily META Bull 2X Shares' short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including METU, twice per month. The most recent reporting period available is November, 30 2024.




This page (NASDAQ:METU) was last updated on 12/21/2024 by MarketBeat.com Staff
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