Investors Buy High Volume of Direxion Daily META Bull 2X Shares Call Options (NASDAQ:METU)

Direxion Daily META Bull 2X Shares (NASDAQ:METU) was the target of unusually large options trading on Wednesday. Stock traders acquired 11,700 call options on the stock. This represents an increase of approximately 55% compared to the typical volume of 7,571 call options.

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

A number of large investors have recently added to or reduced their stakes in METU. Virtu Financial LLC purchased a new position in shares of Direxion Daily META Bull 2X Shares during the 4th quarter valued at about $876,000. UBS Group AG bought a new position in Direxion Daily META Bull 2X Shares during the fourth quarter valued at approximately $2,500,000. Prosperitas Financial LLC bought a new position in shares of Direxion Daily META Bull 2X Shares during the 4th quarter valued at approximately $286,000. SBI Securities Co. Ltd. grew its holdings in shares of Direxion Daily META Bull 2X Shares by 680.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,128 shares of the company’s stock valued at $165,000 after purchasing an additional 4,471 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Direxion Daily META Bull 2X Shares by 50.0% in the 1st quarter. Parallel Advisors LLC now owns 1,200 shares of the company’s stock valued at $27,000 after acquiring an additional 400 shares during the last quarter.

Direxion Daily META Bull 2X Shares Trading Up 1.8%

Direxion Daily META Bull 2X Shares stock traded up $0.35 on Wednesday, hitting $20.01. 17,185,596 shares of the stock traded hands, compared to its average volume of 4,715,704. Direxion Daily META Bull 2X Shares has a 1 year low of $16.85 and a 1 year high of $49.75. The business’s fifty day simple moving average is $21.94 and its 200 day simple moving average is $25.07. The firm has a market cap of $348.17 million, a P/E ratio of 24.62 and a beta of 3.21.

Direxion Daily META Bull 2X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $0.1432 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.9%.

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.