Direxion Daily META Bull 2X Shares (NASDAQ:METU) Shares Gap Up – Time to Buy?

Shares of Direxion Daily META Bull 2X Shares (NASDAQ:METU) gapped up before the market opened on Monday . The stock had previously closed at $26.50, but opened at $28.02. Direxion Daily META Bull 2X Shares shares last traded at $27.94, with a volume of 1,658,723 shares traded.

Direxion Daily META Bull 2X Shares Stock Down 1.6%

The business’s 50-day simple moving average is $30.54 and its two-hundred day simple moving average is $34.58. The firm has a market capitalization of $601.30 million, a price-to-earnings ratio of 24.62 and a beta of 4.09.

Direxion Daily META Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a $0.209 dividend. This is a boost from Direxion Daily META Bull 2X Shares’s previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, December 23rd. This represents a $0.84 annualized dividend and a yield of 3.1%.

Institutional Trading of Direxion Daily META Bull 2X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC purchased a new position in shares of Direxion Daily META Bull 2X Shares during the fourth quarter worth $26,000. SRH Advisors LLC acquired a new stake in shares of Direxion Daily META Bull 2X Shares in the fourth quarter valued at $28,000. Summit Securities Group LLC purchased a new stake in shares of Direxion Daily META Bull 2X Shares in the 4th quarter valued at $32,000. SBI Securities Co. Ltd. lifted its stake in Direxion Daily META Bull 2X Shares by 36,550.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 733 shares of the company’s stock worth $33,000 after acquiring an additional 731 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. acquired a new position in Direxion Daily META Bull 2X Shares during the 4th quarter worth about $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.