Direxion Daily META Bull 2X ETF (NASDAQ:METU – Get Free Report) was the recipient of some unusual options trading activity on Thursday. Stock investors purchased 10,606 call options on the company. This represents an increase of 23% compared to the average daily volume of 8,653 call options.
Direxion Daily META Bull 2X ETF Price Performance
Shares of NASDAQ:METU traded up $1.92 during midday trading on Thursday, hitting $34.42. 7,792,720 shares of the company’s stock were exchanged, compared to its average volume of 4,932,452. Direxion Daily META Bull 2X ETF has a 12 month low of $16.85 and a 12 month high of $45.36. The company has a market cap of $607.60 million, a PE ratio of 24.62 and a beta of 3.21. The stock has a 50 day moving average price of $22.78 and a 200-day moving average price of $24.22.
Institutional Trading of Direxion Daily META Bull 2X ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its holdings in shares of Direxion Daily META Bull 2X ETF by 50.0% in the first 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. SOA Wealth Advisors LLC. boosted its holdings in Direxion Daily META Bull 2X ETF by 27.9% during the first quarter. SOA Wealth Advisors LLC. now owns 2,364 shares of the company’s stock worth $53,000 after purchasing an additional 515 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in Direxion Daily META Bull 2X ETF during the second quarter worth about $186,000. Tactive Advisors LLC grew its position in Direxion Daily META Bull 2X ETF by 67.2% in the 1st quarter. Tactive Advisors LLC now owns 24,875 shares of the company’s stock worth $557,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Direxion Daily META Bull 2X ETF in the 4th quarter worth about $876,000.
About Direxion Daily META Bull 2X ETF
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.
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