Direxion Daily META Bull 2X ETF (NASDAQ:METU – Get Free Report) was the recipient of some unusual options trading on Thursday. Traders acquired 10,606 call options on the company. This represents an increase of 23% compared to the average volume of 8,653 call options.
Direxion Daily META Bull 2X ETF Price Performance
Shares of METU stock opened at $35.39 on Friday. The business’s fifty day moving average price is $22.94 and its 200 day moving average price is $24.26. The firm has a market capitalization of $624.63 million, a PE ratio of 24.62 and a beta of 3.21. Direxion Daily META Bull 2X ETF has a 1-year low of $16.85 and a 1-year high of $45.36.
Hedge Funds Weigh In On Direxion Daily META Bull 2X ETF
Institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of Direxion Daily META Bull 2X ETF in the fourth quarter valued at about $876,000. Bullseye Investment Management LLC purchased a new stake in Direxion Daily META Bull 2X ETF during the second quarter worth about $1,125,000. UBS Group AG acquired a new position in Direxion Daily META Bull 2X ETF during the fourth quarter worth about $2,500,000. Tactive Advisors LLC grew its position in Direxion Daily META Bull 2X ETF by 67.2% during the first quarter. Tactive Advisors LLC now owns 24,875 shares of the company’s stock worth $557,000 after buying an additional 10,000 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in Direxion Daily META Bull 2X ETF in the second quarter valued at about $186,000.
Direxion Daily META Bull 2X ETF 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.
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