Direxion Daily META Bull 2X Shares (NASDAQ:METU) Short Interest Down 28.9% in February

Direxion Daily META Bull 2X Shares (NASDAQ:METU) was the recipient of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 2,912,310 shares, a decrease of 28.9% from the January 29th total of 4,095,780 shares. Based on an average trading volume of 3,410,929 shares, the days-to-cover ratio is currently 0.9 days. Approximately 13.2% of the shares of the stock are short sold. Approximately 13.2% of the shares of the stock are short sold. Based on an average trading volume of 3,410,929 shares, the days-to-cover ratio is currently 0.9 days.

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

Several hedge funds and other institutional investors have recently made changes to their positions in METU. Parallel Advisors LLC bought a new stake in shares of Direxion Daily META Bull 2X Shares during the fourth quarter worth $26,000. SRH Advisors LLC acquired a new stake in Direxion Daily META Bull 2X Shares in the fourth quarter worth about $28,000. Summit Securities Group LLC bought a new stake in Direxion Daily META Bull 2X Shares during the 4th quarter worth about $32,000. SBI Securities Co. Ltd. lifted its position in 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 valued at $33,000 after purchasing an additional 731 shares during the period. Finally, Mcguire Capital Advisors Inc. acquired a new position in Direxion Daily META Bull 2X Shares during the 4th quarter valued at about $35,000.

Direxion Daily META Bull 2X Shares Stock Performance

METU traded up $0.16 during midday trading on Tuesday, hitting $30.40. The company had a trading volume of 3,479,936 shares, compared to its average volume of 3,521,024. Direxion Daily META Bull 2X Shares has a twelve month low of $20.11 and a twelve month high of $51.20. The company has a market capitalization of $670.32 million, a PE ratio of 24.62 and a beta of 4.09. The firm’s 50-day simple moving average is $31.20 and its 200-day simple moving average is $35.86.

Direxion Daily META Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a dividend of $0.209 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.84 annualized dividend and a yield of 2.8%. This is a positive change from Direxion Daily META Bull 2X Shares’s previous quarterly dividend of $0.11.

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.