Direxion Daily META Bull 2X Shares (NASDAQ:METU) Shares Gap Up – What’s Next?

Direxion Daily META Bull 2X Shares (NASDAQ:METU)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $32.35, but opened at $39.16. Direxion Daily META Bull 2X Shares shares last traded at $37.48, with a volume of 11,584,142 shares.

Direxion Daily META Bull 2X Shares Price Performance

The firm has a market cap of $885.35 million, a price-to-earnings ratio of 24.62 and a beta of 4.09. The business has a 50-day moving average of $31.04 and a 200-day moving average of $38.03.

Direxion Daily META Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.209 per share. This is a positive change from Direxion Daily META Bull 2X Shares’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.84 annualized dividend and a dividend yield of 2.1%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. SOA Wealth Advisors LLC. bought a new stake in Direxion Daily META Bull 2X Shares during the second quarter worth $59,000. SBI Securities Co. Ltd. increased its stake 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 last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in shares of Direxion Daily META Bull 2X Shares in the 2nd quarter valued at about $345,000. HUB Investment Partners LLC bought a new stake in shares of Direxion Daily META Bull 2X Shares in the 2nd quarter valued at about $418,000. Finally, Bank of America Corp DE acquired a new stake in Direxion Daily META Bull 2X Shares in the 2nd quarter valued at about $244,000.

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.