Direxion Daily META Bull 2X ETF (NASDAQ:METU – Get Free Report)’s share price was up 6.8% during trading on Monday. The company traded as high as $32.40 and last traded at $31.9630. Approximately 1,321,381 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 4,869,325 shares. The stock had previously closed at $29.93.
Direxion Daily META Bull 2X ETF Price Performance
The firm has a market cap of $520.28 million, a PE ratio of 24.62 and a beta of 2.86. The business’s 50 day moving average price is $25.23 and its 200 day moving average price is $24.64.
Institutional Trading of Direxion Daily META Bull 2X ETF
Hedge funds have recently bought and sold shares of the business. Bullseye Investment Management LLC acquired a new stake in Direxion Daily META Bull 2X ETF during the second quarter worth $1,125,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily META Bull 2X ETF in the 4th quarter valued at approximately $876,000. Integrated Wealth Concepts LLC purchased a new position in shares of Direxion Daily META Bull 2X ETF during the 2nd quarter worth approximately $186,000. Tactive Advisors LLC raised its position in Direxion Daily META Bull 2X ETF by 67.2% in the first quarter. Tactive Advisors LLC now owns 24,875 shares of the company’s stock valued at $557,000 after purchasing an additional 10,000 shares during the period. Finally, SOA Wealth Advisors LLC. lifted its stake in Direxion Daily META Bull 2X ETF by 27.9% during the 1st quarter. SOA Wealth Advisors LLC. now owns 2,364 shares of the company’s stock worth $53,000 after acquiring an additional 515 shares in the last quarter.
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.
See Also
- Five stocks we like better than Direxion Daily META Bull 2X ETF
- A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
- Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
- Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway
- Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs
Receive News & Ratings for Direxion Daily META Bull 2X ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily META Bull 2X ETF and related companies with MarketBeat.com's FREE daily email newsletter.
