Direxion Daily META Bull 2X Shares (NASDAQ:METU - Get Free Report) dropped 3.9% during trading on Friday . The stock traded as low as $38.80 and last traded at $39.16. Approximately 391,023 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 822,253 shares. The stock had previously closed at $40.76.
Direxion Daily META Bull 2X Shares Trading Up 3.4%
The firm's fifty day moving average is $33.33 and its 200 day moving average is $35.91. The company has a market cap of $134.44 million and a PE ratio of 24.62.
Institutional Trading of Direxion Daily META Bull 2X Shares
Institutional investors and hedge funds have recently modified their holdings of the stock. Susquehanna International Group LLP boosted 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 buying an additional 42,354 shares during the last quarter. Optiver Holding B.V. purchased a new position in shares of 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 shares of Direxion Daily META Bull 2X Shares in the fourth quarter valued at approximately $542,000.
Direxion Daily META Bull 2X Shares Company Profile
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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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