Direxion Daily META Bull 2X Shares (
NASDAQ:METU -
Get Free Report) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 11,700 call options on the stock. This represents an increase of 55% compared to the typical daily volume of 7,571 call options.
Hedge Funds Weigh In On Direxion Daily META Bull 2X Shares
Institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC acquired a new position in shares of Direxion Daily META Bull 2X Shares during the fourth quarter valued at about $26,000. Summit Securities Group LLC bought a new position in shares of Direxion Daily META Bull 2X Shares in the fourth quarter worth $32,000. Mcguire Capital Advisors Inc. bought a new position in shares of Direxion Daily META Bull 2X Shares in the fourth quarter valued at approximately $35,000. SOA Wealth Advisors LLC. increased its holdings in shares of Direxion Daily META Bull 2X Shares by 27.9% in the first quarter. SOA Wealth Advisors LLC. now owns 2,364 shares of the company's stock worth $53,000 after purchasing an additional 515 shares during the period. Finally, Group One Trading LLC purchased a new stake in shares of Direxion Daily META Bull 2X Shares in the 4th quarter valued at about $102,000.
Direxion Daily META Bull 2X Shares Stock Up 1.8%
METU traded up $0.35 during trading on Wednesday, hitting $20.01. The company's stock had a trading volume of 17,185,596 shares, compared to its average volume of 4,715,704. The stock has a market capitalization of $348.17 million, a price-to-earnings ratio of 24.62 and a beta of 3.21. The firm's 50 day moving average price is $21.94 and its two-hundred day moving average price is $25.07. Direxion Daily META Bull 2X Shares has a 12 month low of $16.85 and a 12 month high of $49.75.
Direxion Daily META Bull 2X Shares Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.1432 per share. This represents a $0.57 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Tuesday, June 23rd.
About Direxion Daily META Bull 2X Shares
(
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.
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