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

Shares of Direxion Daily META Bull 2X Shares (NASDAQ:METU) gapped down prior to trading on Friday . The stock had previously closed at $28.72, but opened at $27.44. Direxion Daily META Bull 2X Shares shares last traded at $27.61, with a volume of 2,234,558 shares changing hands.

Direxion Daily META Bull 2X Shares Stock Performance

The company has a market capitalization of $590.50 million, a PE ratio of 24.62 and a beta of 4.09. The company’s 50-day simple moving average is $30.81 and its 200-day simple moving average is $35.10.

Direxion Daily META Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.209 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, December 23rd. This is a positive change from Direxion Daily META Bull 2X Shares’s previous quarterly dividend of $0.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in METU. SBI Securities Co. Ltd. lifted its stake in shares of Direxion Daily META Bull 2X Shares by 36,550.0% in the second 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. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in Direxion Daily META Bull 2X Shares during the 2nd quarter worth about $345,000. HUB Investment Partners LLC purchased a new stake in shares of Direxion Daily META Bull 2X Shares during the second quarter worth about $418,000. Bank of America Corp DE acquired a new position in shares of Direxion Daily META Bull 2X Shares in the second quarter valued at approximately $244,000. Finally, Corient Private Wealth LLC acquired a new position in shares of Direxion Daily META Bull 2X Shares in the second quarter valued at approximately $681,000.

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.