Direxion Daily META Bull 2X Shares Sees Unusually Large Options Volume (NASDAQ:METU)

Direxion Daily META Bull 2X Shares (NASDAQ:METU) was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 5,233 call options on the company. This is an increase of approximately 52% compared to the typical volume of 3,433 call options.

Hedge Funds Weigh In On Direxion Daily META Bull 2X Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of METU. SBI Securities Co. Ltd. raised its position in shares of Direxion Daily META Bull 2X Shares by 36,550.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 733 shares of the company’s stock worth $33,000 after purchasing an additional 731 shares during the period. SOA Wealth Advisors LLC. bought a new position in Direxion Daily META Bull 2X Shares during the 2nd quarter worth $59,000. Bank of America Corp DE acquired a new stake in Direxion Daily META Bull 2X Shares in the second quarter worth $244,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in Direxion Daily META Bull 2X Shares in the second quarter worth $345,000. Finally, HUB Investment Partners LLC bought a new stake in Direxion Daily META Bull 2X Shares in the second quarter valued at $418,000.

Direxion Daily META Bull 2X Shares Stock Down 3.1%

Shares of NASDAQ:METU traded down $0.86 on Tuesday, reaching $26.62. 3,110,917 shares of the company’s stock were exchanged, compared to its average volume of 1,515,466. The business’s 50-day moving average is $39.83 and its two-hundred day moving average is $40.79. 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 $175.69 million, a price-to-earnings ratio of 24.62 and a beta of 4.09.

Direxion Daily META Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were paid a dividend of $0.2229 per share. The ex-dividend date was Tuesday, September 23rd. This represents a $0.89 annualized dividend and a yield of 3.3%.

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.