Bullseye Investment Management LLC Invests $1.12 Million in Direxion Daily META Bull 2X ETF $METU

Bullseye Investment Management LLC acquired a new position in Direxion Daily META Bull 2X ETF (NASDAQ:METU) during the 2nd quarter, HoldingsChannel reports. The fund acquired 55,557 shares of the company’s stock, valued at approximately $1,125,000. Direxion Daily META Bull 2X ETF accounts for about 0.6% of Bullseye Investment Management LLC’s investment portfolio, making the stock its 28th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of METU. UBS Group AG acquired a new position in Direxion Daily META Bull 2X ETF during the 4th quarter worth about $2,500,000. Simplex Trading LLC acquired a new stake in shares of Direxion Daily META Bull 2X ETF in the fourth quarter valued at about $1,290,000. Virtu Financial LLC bought a new position in shares of Direxion Daily META Bull 2X ETF during the fourth quarter worth about $876,000. OLD Mission Capital LLC acquired a new position in shares of Direxion Daily META Bull 2X ETF in the fourth quarter worth approximately $575,000. Finally, Tactive Advisors LLC lifted its stake in shares of Direxion Daily META Bull 2X ETF by 65.9% in the second quarter. Tactive Advisors LLC now owns 41,275 shares of the company’s stock worth $836,000 after acquiring an additional 16,400 shares during the period.

Direxion Daily META Bull 2X ETF Trading Up 1.1%

NASDAQ:METU traded up $0.27 on Friday, reaching $25.09. 3,121,670 shares of the stock traded hands, compared to its average volume of 4,843,643. The firm has a market capitalization of $436.57 million, a price-to-earnings ratio of 24.62 and a beta of 3.21. The company’s 50 day moving average is $22.21 and its 200-day moving average is $24.33. Direxion Daily META Bull 2X ETF has a 1-year low of $16.85 and a 1-year high of $49.75.

Direxion Daily META Bull 2X ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.1432 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Direxion Daily META Bull 2X ETF 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.