Direxion Daily META Bull 2X Shares (NASDAQ:METU) to Issue Dividend Increase – $0.25 Per Share

Direxion Daily META Bull 2X Shares (NASDAQ:METU) announced a quarterly dividend on Monday, June 23rd, NASDAQ Dividends reports. Stockholders of record on Tuesday, June 24th will be paid a dividend of 0.2497 per share on Tuesday, July 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Tuesday, June 24th. This is a 43.8% increase from Direxion Daily META Bull 2X Shares’s previous quarterly dividend of $0.17.

Direxion Daily META Bull 2X Shares Price Performance

NASDAQ:METU opened at $42.41 on Wednesday. The firm’s 50-day moving average price is $33.70 and its 200-day moving average price is $35.96. The company has a market capitalization of $134.44 million and a PE ratio of 24.62. Direxion Daily META Bull 2X Shares has a 1-year low of $20.11 and a 1-year high of $52.12.

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.