SG Americas Securities LLC decreased its holdings in Direxion Daily META Bull 2X Shares (NASDAQ:METU - Free Report) by 50.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 21,200 shares of the company's stock after selling 21,500 shares during the period. SG Americas Securities LLC owned approximately 0.81% of Direxion Daily META Bull 2X Shares worth $645,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of METU. Jane Street Group LLC purchased a new stake in shares of Direxion Daily META Bull 2X Shares in the fourth quarter worth about $542,000. Optiver Holding B.V. purchased a new stake in shares of Direxion Daily META Bull 2X Shares during the 4th quarter valued at about $1,626,000. Finally, Susquehanna International Group LLP lifted its position in Direxion Daily META Bull 2X Shares by 222.1% during the 4th quarter. Susquehanna International Group LLP now owns 61,424 shares of the company's stock worth $2,044,000 after acquiring an additional 42,354 shares in the last quarter.
Direxion Daily META Bull 2X Shares Trading Down 0.9%
NASDAQ:METU traded down $0.37 during trading hours on Wednesday, hitting $42.04. The stock had a trading volume of 324,107 shares, compared to its average volume of 813,440. The company has a market cap of $133.27 million and a PE ratio of 24.62. The business has a 50 day simple moving average of $33.70 and a two-hundred day simple moving average of $35.96. Direxion Daily META Bull 2X Shares has a 1-year low of $20.11 and a 1-year high of $52.12.
Direxion Daily META Bull 2X Shares Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th will be paid a $0.2497 dividend. The ex-dividend date is Tuesday, June 24th. This is an increase from Direxion Daily META Bull 2X Shares's previous quarterly dividend of $0.17. This represents a $1.00 annualized dividend and a dividend yield of 2.38%.
Direxion Daily META Bull 2X Shares Company Profile
(
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 Stories
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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
