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

Direxion Daily META Bull 2X Shares (NASDAQ:METU) was the target of unusually large options trading on Wednesday. Traders acquired 14,383 call options on the stock. This is an increase of approximately 174% compared to the average daily volume of 5,249 call options.

Direxion Daily META Bull 2X Shares Price Performance

NASDAQ:METU remained flat at $21.49 during mid-day trading on Friday. The company had a trading volume of 8,552,467 shares, compared to its average volume of 4,444,255. The firm’s 50 day moving average price is $24.11 and its 200 day moving average price is $27.59. Direxion Daily META Bull 2X Shares has a 1 year low of $18.62 and a 1 year high of $51.20. The company has a market capitalization of $505.01 million, a price-to-earnings ratio of 24.62 and a beta of 3.21.

Direxion Daily META Bull 2X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.1432 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.7%.

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

Several hedge funds have recently modified their holdings of the business. SOA Wealth Advisors LLC. grew its stake in shares of Direxion Daily META Bull 2X Shares by 27.9% in the first quarter. SOA Wealth Advisors LLC. now owns 2,364 shares of the company’s stock worth $53,000 after acquiring an additional 515 shares during the last quarter. Parallel Advisors LLC raised its stake in Direxion Daily META Bull 2X Shares by 50.0% during the 1st quarter. Parallel Advisors LLC now owns 1,200 shares of the company’s stock valued at $27,000 after purchasing an additional 400 shares during the last quarter. Tactive Advisors LLC raised its stake in Direxion Daily META Bull 2X Shares by 67.2% during the 1st quarter. Tactive Advisors LLC now owns 24,875 shares of the company’s stock valued at $557,000 after purchasing an additional 10,000 shares during the last quarter. Virtu Financial LLC bought a new stake in Direxion Daily META Bull 2X Shares in the 4th quarter valued at $876,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in Direxion Daily META Bull 2X Shares in the 4th quarter valued at $35,000.

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.