Direxion Daily META Bull 2X Shares (NASDAQ:METU) to Issue Dividend Increase - $0.25 Per Share

Direxion Daily META Bull 2X Shares (NASDAQ:METU - Get Free Report) announced a quarterly dividend on Monday, June 23rd, NASDAQ Dividends reports. Investors of record on Tuesday, June 24th will be given a dividend of 0.2497 per share on Tuesday, July 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Tuesday, June 24th. This is a 43.8% increase from Direxion Daily META Bull 2X Shares's previous quarterly dividend of $0.17.

Direxion Daily META Bull 2X Shares Stock Up 3.4%

Shares of NASDAQ:METU traded up $1.41 during midday trading on Tuesday, reaching $42.41. The company's stock had a trading volume of 618,684 shares, compared to its average volume of 817,580. The stock has a fifty day moving average of $33.33 and a 200 day moving average of $35.91. Direxion Daily META Bull 2X Shares has a twelve month low of $20.11 and a twelve month high of $52.12. The firm has a market capitalization of $134.44 million and a PE ratio of 24.62.

Direxion Daily META Bull 2X Shares Company Profile

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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