Direxion Daily META Bull 2X Shares (NASDAQ:METU) Sees Significant Increase in Short Interest

Direxion Daily META Bull 2X Shares (NASDAQ:METU) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 7,895,832 shares, an increase of 84.0% from the July 15th total of 4,292,060 shares. Based on an average trading volume of 4,436,871 shares, the short-interest ratio is currently 1.8 days. Currently, 45.4% of the company’s shares are sold short.

Institutional Trading of Direxion Daily META Bull 2X Shares

A number of large investors have recently bought and sold shares of the business. HUB Investment Partners LLC bought a new position in Direxion Daily META Bull 2X Shares in the second quarter valued at approximately $418,000. Bank of America Corp DE bought a new stake in shares of Direxion Daily META Bull 2X Shares during the second quarter worth $244,000. Corient Private Wealth LLC acquired a new stake in shares of Direxion Daily META Bull 2X Shares during the second quarter worth $681,000. United Advisor Group LLC acquired a new stake in shares of Direxion Daily META Bull 2X Shares during the fourth quarter worth $288,000. Finally, Hoey Investments Inc. lifted its position in Direxion Daily META Bull 2X Shares by 500.0% in the 4th quarter. Hoey Investments Inc. now owns 3,000 shares of the company’s stock valued at $96,000 after acquiring an additional 2,500 shares in the last quarter.

Direxion Daily META Bull 2X Shares Price Performance

Shares of Direxion Daily META Bull 2X Shares stock traded down $1.50 during trading hours on Monday, hitting $19.68. The company’s stock had a trading volume of 6,331,064 shares, compared to its average volume of 4,631,581. Direxion Daily META Bull 2X Shares has a 12 month low of $16.85 and a 12 month high of $49.75. The stock has a 50 day moving average of $22.40 and a 200 day moving average of $25.87. The company has a market capitalization of $342.43 million, a PE ratio of 24.62 and a beta of 3.21.

Direxion Daily META Bull 2X Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.1432 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.57 annualized dividend and a dividend yield of 2.9%.

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.