Direxion Daily META Bull 2X Shares Target of Unusually Large Options Trading (NASDAQ:METU)

Direxion Daily META Bull 2X Shares (NASDAQ:METU) saw some unusual options trading activity on Tuesday. Investors bought 5,233 call options on the stock. This represents an increase of approximately 52% compared to the average volume of 3,433 call options.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SOA Wealth Advisors LLC. bought a new position in Direxion Daily META Bull 2X Shares in the 2nd quarter valued at about $59,000. 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 buying an additional 731 shares in the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in shares of Direxion Daily META Bull 2X Shares in the 2nd quarter worth approximately $345,000. HUB Investment Partners LLC bought a new position in shares of Direxion Daily META Bull 2X Shares in the second quarter valued at approximately $418,000. Finally, Bank of America Corp DE acquired a new position in shares of Direxion Daily META Bull 2X Shares during the second quarter valued at approximately $244,000.

Direxion Daily META Bull 2X Shares Price Performance

Shares of NASDAQ METU traded down $0.86 during midday trading on Tuesday, hitting $26.62. 3,110,917 shares of the company’s stock were exchanged, compared to its average volume of 1,515,466. Direxion Daily META Bull 2X Shares has a twelve month low of $20.11 and a twelve month high of $52.12. The firm has a market cap of $175.69 million, a P/E ratio of 24.62 and a beta of 4.09. The stock’s 50 day moving average price is $39.83 and its 200-day moving average price is $40.79.

Direxion Daily META Bull 2X Shares Cuts Dividend

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

About Direxion Daily META Bull 2X Shares

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.