Direxion Daily META Bull 2X Shares (NASDAQ:METU) Shares Gap Up – Here’s What Happened

Direxion Daily META Bull 2X Shares (NASDAQ:METU) shares gapped up before the market opened on Thursday . The stock had previously closed at $32.35, but opened at $39.16. Direxion Daily META Bull 2X Shares shares last traded at $37.48, with a volume of 11,584,142 shares.

Direxion Daily META Bull 2X Shares Stock Performance

The company has a 50-day moving average of $31.50 and a 200-day moving average of $37.99. The stock has a market cap of $816.67 million, a price-to-earnings ratio of 24.62 and a beta of 4.09.

Direxion Daily META Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a $0.209 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This is an increase from Direxion Daily META Bull 2X Shares’s previous quarterly dividend of $0.11. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.3%.

Institutional Investors Weigh In On Direxion Daily META Bull 2X Shares

Several hedge funds have recently modified their holdings of METU. UBS Group AG acquired a new position in Direxion Daily META Bull 2X Shares in the 4th quarter valued at $2,500,000. Corient Private Wealth LLC purchased a new stake in shares of Direxion Daily META Bull 2X Shares in the second quarter valued at about $681,000. Tactive Advisors LLC acquired a new position in shares of Direxion Daily META Bull 2X Shares during the fourth quarter worth about $478,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Direxion Daily META Bull 2X Shares during the fourth quarter worth about $349,000. Finally, HUB Investment Partners LLC purchased a new position in Direxion Daily META Bull 2X Shares during the second quarter worth about $418,000.

Direxion Daily META Bull 2X Shares Company Profile

The Direxion Daily META Bull 2X Shares (METU) is an exchange-traded fund that is based on the Meta Platforms Inc Class A index. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of META stock. METU was launched on Jun 5, 2024 and is issued by Direxion.