Shares of Direxion Daily META Bull 2X Shares (NASDAQ:METU - Get Free Report) dropped 2.2% on Wednesday . The company traded as low as $40.53 and last traded at $40.88. Approximately 541,404 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 785,452 shares. The stock had previously closed at $41.81.
Direxion Daily META Bull 2X Shares Price Performance
The firm has a market capitalization of $124.41 million and a P/E ratio of 24.62. The firm has a 50-day moving average price of $39.68 and a two-hundred day moving average price of $36.81.
Direxion Daily META Bull 2X Shares Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were paid a $0.2497 dividend. This represents a $1.00 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Tuesday, June 24th. This is an increase from Direxion Daily META Bull 2X Shares's previous quarterly dividend of $0.17.
Institutional Investors Weigh In On Direxion Daily META Bull 2X Shares
Several large investors have recently added to or reduced their stakes in METU. Susquehanna International Group LLP raised 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 valued at $2,044,000 after acquiring an additional 42,354 shares in the last quarter. Optiver Holding B.V. purchased a new position in Direxion Daily META Bull 2X Shares during the 4th quarter worth $1,626,000. Jane Street Group LLC bought a new stake in Direxion Daily META Bull 2X Shares during the 4th quarter valued at $542,000. Finally, SOA Wealth Advisors LLC. bought a new stake in Direxion Daily META Bull 2X Shares during the 2nd quarter valued at $59,000.
About Direxion Daily META Bull 2X Shares
(
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.
Featured Articles
Before you consider Direxion Daily META Bull 2X Shares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Direxion Daily META Bull 2X Shares wasn't on the list.
While Direxion Daily META Bull 2X Shares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access