Direxion Daily META Bull 2X Shares (NASDAQ:METU) Short Interest Down 28.9% in February

Direxion Daily META Bull 2X Shares (NASDAQ:METU) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 2,912,310 shares, a decline of 28.9% from the January 29th total of 4,095,780 shares. Approximately 13.2% of the shares of the company are short sold. Based on an average daily volume of 3,410,929 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 3,410,929 shares, the short-interest ratio is presently 0.9 days. Approximately 13.2% of the shares of the company are short sold.

Direxion Daily META Bull 2X Shares Trading Down 2.9%

NASDAQ METU opened at $29.73 on Friday. The company has a fifty day simple moving average of $31.24 and a two-hundred day simple moving average of $36.09. The stock has a market cap of $655.55 million, a P/E ratio of 24.62 and a beta of 4.09. Direxion Daily META Bull 2X Shares has a 12-month low of $20.11 and a 12-month high of $51.20.

Direxion Daily META Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a $0.209 dividend. This is a positive change 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 dividend on an annualized basis and a yield of 2.8%.

Institutional Trading of Direxion Daily META Bull 2X Shares

Several large investors have recently added to or reduced their stakes in METU. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in Direxion Daily META Bull 2X Shares in the 2nd quarter worth approximately $345,000. 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 valued at $33,000 after acquiring an additional 731 shares during the period. Virtu Financial LLC purchased a new stake in shares of Direxion Daily META Bull 2X Shares in the 4th quarter valued at $876,000. UBS Group AG acquired a new stake in shares of Direxion Daily META Bull 2X Shares in the fourth quarter worth $2,500,000. Finally, Prosperitas Financial LLC acquired a new stake in shares of Direxion Daily META Bull 2X Shares in the fourth quarter worth $286,000.

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.