Direxion Daily META Bull 2X Shares (NASDAQ:METU) Shares Gap Up – What’s Next?

Direxion Daily META Bull 2X Shares (NASDAQ:METU)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $27.49, but opened at $28.91. Direxion Daily META Bull 2X Shares shares last traded at $29.58, with a volume of 2,417,035 shares changing hands.

Direxion Daily META Bull 2X Shares Trading Up 10.8%

The company’s 50-day moving average is $30.59 and its 200-day moving average is $38.42. The firm has a market cap of $635.30 million, a price-to-earnings ratio of 24.62 and a beta of 4.09.

Direxion Daily META Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a $0.209 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Direxion Daily META Bull 2X Shares’s previous quarterly dividend of $0.11.

Institutional Trading of Direxion Daily META Bull 2X Shares

Several institutional investors and hedge funds have recently modified their holdings of the business. SRH Advisors LLC acquired a new stake in Direxion Daily META Bull 2X Shares in the fourth quarter valued at about $28,000. SOA Wealth Advisors LLC. lifted its holdings in shares of Direxion Daily META Bull 2X Shares by 42.3% in the fourth quarter. SOA Wealth Advisors LLC. now owns 1,849 shares of the company’s stock worth $59,000 after acquiring an additional 550 shares during the last quarter. Tactive Advisors LLC acquired a new stake in shares of Direxion Daily META Bull 2X Shares in the 4th quarter valued at approximately $478,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Direxion Daily META Bull 2X Shares during the 4th quarter valued at approximately $349,000. Finally, Corient Private Wealth LLC acquired a new position in Direxion Daily META Bull 2X Shares during the 2nd quarter worth approximately $681,000.

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.