Short Interest in Direxion Daily META Bull 2X Shares (NASDAQ:METU) Expands By 44.4%

Direxion Daily META Bull 2X Shares (NASDAQ:METU) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 4,469,549 shares, an increase of 44.4% from the December 31st total of 3,094,505 shares. Approximately 19.8% of the company’s shares are sold short. Based on an average daily volume of 2,836,852 shares, the short-interest ratio is presently 1.6 days. Based on an average daily volume of 2,836,852 shares, the short-interest ratio is presently 1.6 days. Approximately 19.8% of the company’s shares are sold short.

Institutional Trading of Direxion Daily META Bull 2X Shares

Large investors have recently bought and sold shares of the business. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in Direxion Daily META Bull 2X Shares in the second quarter valued at approximately $345,000. SBI Securities Co. Ltd. lifted its position in Direxion Daily META Bull 2X Shares by 36,550.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 733 shares of the company’s stock valued at $33,000 after acquiring an additional 731 shares in the last quarter. UBS Group AG acquired a new position in Direxion Daily META Bull 2X Shares in the 4th quarter worth $2,500,000. Corient Private Wealth LLC bought a new position in Direxion Daily META Bull 2X Shares during the 2nd quarter worth about $681,000. Finally, Bank of America Corp DE bought a new position in Direxion Daily META Bull 2X Shares during the 2nd quarter worth about $244,000.

Direxion Daily META Bull 2X Shares Stock Down 5.9%

METU opened at $36.92 on Friday. The stock has a market cap of $816.67 million, a P/E ratio of 24.62 and a beta of 4.09. Direxion Daily META Bull 2X Shares has a 12 month low of $20.11 and a 12 month high of $52.12. The company has a fifty day simple moving average of $31.50 and a 200 day simple moving average of $37.97.

Direxion Daily META Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.209 per share. This is a boost from Direxion Daily META Bull 2X Shares’s previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, December 23rd. This represents a $0.84 annualized dividend and a dividend yield of 2.3%.

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.