Direxion Daily META Bull 2X Shares (NASDAQ:METU) Trading Up 7.5% – What’s Next?

Shares of Direxion Daily META Bull 2X Shares (NASDAQ:METU) traded up 7.5% during mid-day trading on Tuesday . The company traded as high as $24.46 and last traded at $24.45. Approximately 7,196,404 shares changed hands during mid-day trading, an increase of 62% from the average session volume of 4,450,862 shares. The stock had previously closed at $22.75.

Direxion Daily META Bull 2X Shares Trading Up 6.7%

The firm has a market cap of $576.90 million, a PE ratio of 24.62 and a beta of 3.21. The firm has a 50 day moving average price of $23.79 and a 200-day moving average price of $27.46.

Direxion Daily META Bull 2X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.1432 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.57 dividend on an annualized basis and a yield of 2.4%.

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

Several institutional investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new position in shares of Direxion Daily META Bull 2X Shares in the 4th quarter valued at about $876,000. UBS Group AG purchased a new stake in Direxion Daily META Bull 2X Shares during the fourth quarter worth approximately $2,500,000. Parallel Advisors LLC boosted its holdings in Direxion Daily META Bull 2X Shares by 50.0% in the first quarter. Parallel Advisors LLC now owns 1,200 shares of the company’s stock valued at $27,000 after purchasing an additional 400 shares in the last quarter. Tactive Advisors LLC increased its stake in Direxion Daily META Bull 2X Shares by 67.2% in the first quarter. Tactive Advisors LLC now owns 24,875 shares of the company’s stock valued at $557,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Prosperitas Financial LLC purchased a new position in Direxion Daily META Bull 2X Shares in the fourth quarter valued at approximately $286,000.

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.