Direxion Daily META Bull 2X Shares (NASDAQ:METU) Short Interest Down 48.2% in March

Direxion Daily META Bull 2X Shares (NASDAQ:METU - Get Free Report) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 182,900 shares, a drop of 48.2% from the March 15th total of 353,200 shares. Based on an average trading volume of 710,300 shares, the days-to-cover ratio is presently 0.3 days. Approximately 7.0% of the shares of the stock are short sold.

Direxion Daily META Bull 2X Shares Trading Down 6.9 %

Shares of Direxion Daily META Bull 2X Shares stock traded down $1.52 on Monday, reaching $20.49. 685,594 shares of the company were exchanged, compared to its average volume of 729,417. Direxion Daily META Bull 2X Shares has a fifty-two week low of $20.11 and a fifty-two week high of $52.12. The firm has a market capitalization of $54.71 million and a price-to-earnings ratio of 22.04. The stock has a fifty day moving average price of $34.06 and a 200-day moving average price of $35.66.

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 issued a $0.1737 dividend. This represents a $0.69 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Investors Weigh In On Direxion Daily META Bull 2X Shares

A number of large investors have recently made changes to their positions in METU. Jane Street Group LLC acquired a new stake in Direxion Daily META Bull 2X Shares during the 4th quarter valued at $542,000. SG Americas Securities LLC acquired a new position in Direxion Daily META Bull 2X Shares during the fourth quarter valued at $1,421,000. Optiver Holding B.V. acquired a new stake in Direxion Daily META Bull 2X Shares during the 4th quarter worth about $1,626,000. Finally, Susquehanna International Group LLP grew its stake 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 valued at $2,044,000 after acquiring an additional 42,354 shares in the last quarter.

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.