SG Americas Securities LLC lessened its position in shares of Direxion Daily META Bull 2X Shares (NASDAQ:METU - Free Report) by 50.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,200 shares of the company's stock after selling 21,500 shares during the quarter. SG Americas Securities LLC owned about 0.81% of Direxion Daily META Bull 2X Shares worth $645,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in Direxion Daily META Bull 2X Shares in the fourth quarter valued at approximately $542,000. Susquehanna International Group LLP raised its position 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 purchasing an additional 42,354 shares during the period. Finally, Optiver Holding B.V. purchased a new stake in Direxion Daily META Bull 2X Shares in the fourth quarter valued at approximately $1,626,000.
Direxion Daily META Bull 2X Shares Stock Down 3.9%
NASDAQ METU traded down $1.60 on Friday, reaching $39.16. The stock had a trading volume of 391,023 shares, compared to its average volume of 822,253. 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 has a 12-month low of $20.11 and a 12-month high of $52.12. The stock has a fifty day moving average price of $33.01 and a two-hundred day moving average price of $35.89.
Direxion Daily META Bull 2X Shares Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were given a $0.1737 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Tuesday, March 25th.
Direxion Daily META Bull 2X Shares Profile
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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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