Direxion Daily META Bull 2X Shares (NASDAQ:METU - Get Free Report)'s stock price dropped 0.9% during mid-day trading on Wednesday . The stock traded as low as $41.57 and last traded at $42.04. Approximately 324,107 shares changed hands during trading, a decline of 60% from the average daily volume of 813,440 shares. The stock had previously closed at $42.41.
Direxion Daily META Bull 2X Shares Trading Up 1.7%
The company has a 50-day moving average of $35.00 and a 200-day moving average of $36.05. The firm has a market capitalization of $138.05 million and a P/E ratio of 24.62.
Direxion Daily META Bull 2X Shares Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th will be issued a dividend of $0.2497 per share. This is an increase from Direxion Daily META Bull 2X Shares's previous quarterly dividend of $0.17. This represents a $1.00 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, June 24th.
Institutional Trading of Direxion Daily META Bull 2X Shares
Large investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in Direxion Daily META Bull 2X Shares during the 4th quarter worth about $542,000. Optiver Holding B.V. acquired a new stake in Direxion Daily META Bull 2X Shares during the 4th quarter worth about $1,626,000. Finally, Susquehanna International Group LLP grew its holdings in Direxion Daily META Bull 2X Shares by 222.1% during the 4th quarter. Susquehanna International Group LLP now owns 61,424 shares of the company's stock worth $2,044,000 after acquiring an additional 42,354 shares during the period.
Direxion Daily META Bull 2X Shares Company Profile
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Get Free Report)
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.
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