Traders Purchase High Volume of Call Options on Direxion Daily META Bull 2X Shares (NASDAQ:METU)

Direxion Daily META Bull 2X Shares (NASDAQ:METU) was the target of unusually large options trading on Wednesday. Stock traders purchased 11,700 call options on the company. This is an increase of approximately 55% compared to the typical daily volume of 7,571 call options.

Direxion Daily META Bull 2X Shares Price Performance

Shares of METU opened at $20.05 on Thursday. The stock has a market capitalization of $348.87 million, a price-to-earnings ratio of 24.62 and a beta of 3.21. Direxion Daily META Bull 2X Shares has a 1 year low of $16.85 and a 1 year high of $49.75. The business’s 50 day simple moving average is $21.92 and its 200-day simple moving average is $24.99.

Direxion Daily META Bull 2X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.1432 dividend. This represents a $0.57 annualized dividend and a yield of 2.9%. The ex-dividend date was Tuesday, June 23rd.

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

A number of hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC purchased a new position in shares of Direxion Daily META Bull 2X Shares in the 4th quarter worth $26,000. Summit Securities Group LLC bought a new stake in shares of Direxion Daily META Bull 2X Shares in the 4th quarter worth about $32,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Direxion Daily META Bull 2X Shares during the 4th quarter valued at about $35,000. SOA Wealth Advisors LLC. raised its position in shares of Direxion Daily META Bull 2X Shares by 27.9% during the 1st quarter. SOA Wealth Advisors LLC. now owns 2,364 shares of the company’s stock valued at $53,000 after buying an additional 515 shares in the last quarter. Finally, Group One Trading LLC bought a new position in shares of Direxion Daily META Bull 2X Shares in the 4th quarter valued at about $102,000.

About Direxion Daily META Bull 2X Shares

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.