UBS Group AG Makes New $2.50 Million Investment in Direxion Daily META Bull 2X Shares $METU

UBS Group AG bought a new position in shares of Direxion Daily META Bull 2X Shares (NASDAQ:METU) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 77,843 shares of the company’s stock, valued at approximately $2,500,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SRH Advisors LLC bought a new position in Direxion Daily META Bull 2X Shares during the fourth quarter worth about $28,000. SOA Wealth Advisors LLC. lifted its holdings in shares of Direxion Daily META Bull 2X Shares by 42.3% in the fourth quarter. SOA Wealth Advisors LLC. now owns 1,849 shares of the company’s stock valued at $59,000 after purchasing an additional 550 shares in the last quarter. Hoey Investments Inc. lifted its holdings in shares of Direxion Daily META Bull 2X Shares by 500.0% in the fourth quarter. Hoey Investments Inc. now owns 3,000 shares of the company’s stock valued at $96,000 after purchasing an additional 2,500 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Direxion Daily META Bull 2X Shares in the second quarter valued at about $244,000. Finally, United Advisor Group LLC bought a new stake in shares of Direxion Daily META Bull 2X Shares in the fourth quarter valued at about $288,000.

Direxion Daily META Bull 2X Shares Price Performance

Shares of Direxion Daily META Bull 2X Shares stock opened at $24.76 on Wednesday. The firm has a market cap of $361.99 million, a price-to-earnings ratio of 24.62 and a beta of 3.17. The stock’s 50-day moving average is $25.88 and its 200-day moving average is $29.04. Direxion Daily META Bull 2X Shares has a one year low of $18.62 and a one year high of $51.20.

Direxion Daily META Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders 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 was Tuesday, March 24th.

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.