Direxion Daily META Bull 2X Shares (NASDAQ:METU) Short Interest Up 97.0% in April

Direxion Daily META Bull 2X Shares (NASDAQ:METU - Get Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 360,400 shares, a growth of 97.0% from the March 31st total of 182,900 shares. Based on an average daily trading volume, of 817,100 shares, the days-to-cover ratio is presently 0.4 days. Approximately 11.0% of the shares of the company are short sold.

Direxion Daily META Bull 2X Shares Price Performance

METU stock traded up $2.48 during trading on Friday, hitting $30.81. 2,182,815 shares of the company traded hands, compared to its average volume of 861,212. Direxion Daily META Bull 2X Shares has a 1 year low of $20.11 and a 1 year high of $52.12. The company has a market cap of $97.67 million and a PE ratio of 16.29. The stock's 50-day simple moving average is $30.30 and its 200 day simple moving average is $35.09.

Direxion Daily META Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a $0.1737 dividend. This represents a $0.69 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Trading of Direxion Daily META Bull 2X Shares

A number of hedge funds have recently added to or reduced their stakes in METU. Jane Street Group LLC acquired a new position in shares of Direxion Daily META Bull 2X Shares in the fourth quarter worth about $542,000. Optiver Holding B.V. acquired a new position in Direxion Daily META Bull 2X Shares in the 4th quarter worth about $1,626,000. Susquehanna International Group LLP raised its holdings in Direxion Daily META Bull 2X Shares by 222.1% in the 4th 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 during the period. Finally, SG Americas Securities LLC purchased a new position in Direxion Daily META Bull 2X Shares during the fourth quarter worth approximately $1,421,000.

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.