Direxion Daily META Bull 2X Shares (NASDAQ:METU) Shares Down 2.4% – Should You Sell?

Posted by John Perry on May 9th, 2026

Shares of Direxion Daily META Bull 2X Shares (NASDAQ:METU – Get Free Report) were down 2.4% on Friday . The company traded as low as $24.41 and last traded at $24.69. Approximately 3,962,034 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 3,846,337 shares. The stock had previously closed at $25.31.

Direxion Daily META Bull 2X Shares Stock Performance

The stock has a fifty day simple moving average of $27.26 and a two-hundred day simple moving average of $30.32. The stock has a market cap of $360.97 million, a price-to-earnings ratio of 24.62 and a beta of 3.17.

Direxion Daily META Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a $0.1935 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Investors Weigh In On Direxion Daily META Bull 2X Shares

A number of large investors have recently modified their holdings of METU. UBS Group AG acquired a new stake in shares of Direxion Daily META Bull 2X Shares in the 4th quarter valued at $2,500,000. Simplex Trading LLC acquired a new stake in shares of Direxion Daily META Bull 2X Shares in the 4th quarter valued at $1,290,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily META Bull 2X Shares in the 4th quarter valued at $876,000. OLD Mission Capital LLC acquired a new stake in shares of Direxion Daily META Bull 2X Shares in the 4th quarter valued at $575,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of Direxion Daily META Bull 2X Shares in the 2nd quarter valued at $681,000.

Direxion Daily META Bull 2X Shares Company Profile

(Get Free Report)

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.