Direxion Daily META Bull 2X ETF (NASDAQ:METU – Get Free Report)’s share price traded down 4.8% during trading on Friday. The company traded as low as $33.06 and last traded at $33.6930. 1,699,821 shares were traded during mid-day trading, a decline of 65% from the average session volume of 4,926,402 shares. The stock had previously closed at $35.39.
Direxion Daily META Bull 2X ETF Stock Down 7.0%
The firm has a market cap of $580.61 million, a price-to-earnings ratio of 24.62 and a beta of 3.21. The company has a 50-day moving average price of $22.94 and a 200 day moving average price of $24.26.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Bullseye Investment Management LLC bought a new stake in Direxion Daily META Bull 2X ETF during the second quarter worth approximately $1,125,000. Virtu Financial LLC bought a new position in shares of Direxion Daily META Bull 2X ETF in the fourth quarter valued at approximately $876,000. Tactive Advisors LLC lifted its stake in shares of Direxion Daily META Bull 2X ETF by 65.9% in the second quarter. Tactive Advisors LLC now owns 41,275 shares of the company’s stock worth $836,000 after buying an additional 16,400 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Direxion Daily META Bull 2X ETF in the second quarter worth $186,000. Finally, SOA Wealth Advisors LLC. boosted its holdings in shares of Direxion Daily META Bull 2X ETF by 27.9% during the 1st quarter. SOA Wealth Advisors LLC. now owns 2,364 shares of the company’s stock worth $53,000 after buying an additional 515 shares during the period.
About Direxion Daily META Bull 2X ETF
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.
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