Direxion Daily META Bull 2X Shares (NASDAQ:METU - Get Free Report) traded down 3.9% on Friday . The company traded as low as $38.80 and last traded at $39.16. 391,023 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 822,253 shares. The stock had previously closed at $40.76.
Direxion Daily META Bull 2X Shares Trading Down 3.9%
The company has a 50-day moving average of $33.01 and a 200-day moving average of $35.90. The firm has a market capitalization of $124.14 million and a price-to-earnings ratio of 24.62.
Direxion Daily META Bull 2X Shares Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.1737 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.69 annualized dividend and a yield of 1.77%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of Direxion Daily META Bull 2X Shares during the 4th quarter valued at about $542,000. Optiver Holding B.V. bought a new position in Direxion Daily META Bull 2X Shares in the fourth quarter worth about $1,626,000. Finally, Susquehanna International Group LLP boosted its stake in Direxion Daily META Bull 2X Shares by 222.1% in 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 during the period.
Direxion Daily META Bull 2X Shares Company Profile
(
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
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
