Direxion Daily META Bull 2X Shares (NASDAQ:METU) Sees Significant Increase in Short Interest

Direxion Daily META Bull 2X Shares (NASDAQ:METU - Get Free Report) saw a significant growth in short interest in 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 short-interest ratio is presently 0.4 days. Approximately 11.0% of the shares of the stock are sold short.

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

Hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in shares of Direxion Daily META Bull 2X Shares during the fourth quarter valued at approximately $542,000. 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 valued at $2,044,000 after acquiring an additional 42,354 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Direxion Daily META Bull 2X Shares during the 4th quarter worth $1,421,000. Finally, Optiver Holding B.V. acquired a new stake in shares of Direxion Daily META Bull 2X Shares during the fourth quarter worth $1,626,000.

Direxion Daily META Bull 2X Shares Trading Up 8.8 %

Shares of NASDAQ METU traded up $2.48 during trading on Friday, reaching $30.81. The company had a trading volume of 2,182,815 shares, compared to its average volume of 861,212. Direxion Daily META Bull 2X Shares has a twelve month low of $20.11 and a twelve month high of $52.12. The stock has a 50-day moving average price of $30.50 and a two-hundred day moving average price of $35.11. The stock has a market capitalization of $101.06 million and a PE ratio of 16.29.

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 yield of 2.25%. The ex-dividend date was Tuesday, March 25th.

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.