Direxion Daily META Bull 2X Shares (NASDAQ:METU - Get Free Report)'s share price shot up 3% during trading on Thursday . The company traded as high as $46.41 and last traded at $44.85. 706,402 shares changed hands during trading, a decline of 8% from the average session volume of 769,769 shares. The stock had previously closed at $43.56.
Direxion Daily META Bull 2X Shares Price Performance
The company has a market cap of $137.02 million and a PE ratio of 24.62. The business has a 50-day moving average of $44.72 and a 200 day moving average of $37.66.
Direxion Daily META Bull 2X Shares Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were given a dividend of $0.2497 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. This is a boost from Direxion Daily META Bull 2X Shares's previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, June 24th.
Institutional Trading of Direxion Daily META Bull 2X Shares
Hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. increased its position in Direxion Daily META Bull 2X Shares by 36,550.0% in the second quarter. SBI Securities Co. Ltd. now owns 733 shares of the company's stock worth $33,000 after buying an additional 731 shares in the last quarter. SOA Wealth Advisors LLC. purchased a new stake in Direxion Daily META Bull 2X Shares in the second quarter worth about $59,000. Bank of America Corp DE purchased a new stake in Direxion Daily META Bull 2X Shares in the second quarter worth about $244,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in Direxion Daily META Bull 2X Shares in the second quarter worth about $345,000. Finally, HUB Investment Partners LLC purchased a new stake in Direxion Daily META Bull 2X Shares in the second quarter worth about $418,000.
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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