Direxion Daily META Bull 2X Shares (NASDAQ:METU) Trading Down 0.9% - What's Next?

Direxion Daily META Bull 2X Shares (NASDAQ:METU - Get Free Report) traded down 0.9% during mid-day trading on Wednesday . The stock traded as low as $41.57 and last traded at $42.04. 324,107 shares were traded during mid-day trading, a decline of 60% from the average session volume of 813,440 shares. The stock had previously closed at $42.41.

Direxion Daily META Bull 2X Shares Stock Up 1.7%

The stock has a market capitalization of $138.05 million and a PE ratio of 24.62. The stock has a fifty day moving average of $34.54 and a 200-day moving average of $36.04.

Direxion Daily META Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th will be paid a $0.2497 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Tuesday, June 24th. This is a boost from Direxion Daily META Bull 2X Shares's previous quarterly dividend of $0.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in METU. Susquehanna International Group LLP grew its stake in shares of Direxion Daily META Bull 2X Shares by 222.1% during the fourth quarter. Susquehanna International Group LLP now owns 61,424 shares of the company's stock worth $2,044,000 after purchasing an additional 42,354 shares in the last quarter. Optiver Holding B.V. acquired a new position in Direxion Daily META Bull 2X Shares in the fourth quarter valued at approximately $1,626,000. Finally, Jane Street Group LLC purchased a new position in Direxion Daily META Bull 2X Shares in the fourth quarter valued at approximately $542,000.

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.