Direxion Daily META Bull 2X Shares (NASDAQ:METU) Shares Gap Down – Here’s What Happened

Direxion Daily META Bull 2X Shares (NASDAQ:METU)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $22.91, but opened at $21.45. Direxion Daily META Bull 2X Shares shares last traded at $22.11, with a volume of 4,255,942 shares changing hands.

Direxion Daily META Bull 2X Shares Trading Up 4.1%

The firm’s 50-day simple moving average is $23.50 and its 200 day simple moving average is $27.33. The stock has a market cap of $542.59 million, a P/E ratio of 24.62 and a beta of 3.21.

Direxion Daily META Bull 2X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.1432 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. HUB Investment Partners LLC acquired a new position in shares of Direxion Daily META Bull 2X Shares during the second quarter valued at $418,000. Bank of America Corp DE acquired a new stake in Direxion Daily META Bull 2X Shares in the second quarter worth about $244,000. Corient Private Wealth LLC acquired a new stake in Direxion Daily META Bull 2X Shares in the second quarter worth about $681,000. Wealth Enhancement Advisory Services LLC bought a new position in Direxion Daily META Bull 2X Shares in the 4th quarter valued at about $349,000. Finally, Tactive Advisors LLC bought a new position in Direxion Daily META Bull 2X Shares in the 4th quarter valued at about $478,000.

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.