Direxion Daily META Bull 2X Shares (NASDAQ:METU - Get Free Report) were down 2.2% during trading on Wednesday . The company traded as low as $40.53 and last traded at $40.88. Approximately 541,404 shares traded 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 Stock Up 0.8%
The stock has a 50-day moving average of $39.68 and a 200 day moving average of $36.78. The stock has a market cap of $124.41 million and a PE ratio of 24.62.
Direxion Daily META Bull 2X Shares Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were paid a dividend of $0.2497 per share. This is a boost from Direxion Daily META Bull 2X Shares's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.43%.
Institutional Investors Weigh In On Direxion Daily META Bull 2X Shares
A number of institutional investors have recently modified their holdings of METU. Jane Street Group LLC acquired a new position in shares of Direxion Daily META Bull 2X Shares during the 4th quarter worth approximately $542,000. Optiver Holding B.V. acquired a new position in Direxion Daily META Bull 2X Shares in the 4th quarter valued at $1,626,000. Susquehanna International Group LLP raised its stake 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 purchasing an additional 42,354 shares during the last quarter. Finally, SOA Wealth Advisors LLC. acquired a new position in Direxion Daily META Bull 2X Shares in the 2nd quarter valued at $59,000.
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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