Direxion Daily META Bull 2X Shares Target of Unusually High Options Trading (NASDAQ:METU)

Direxion Daily META Bull 2X Shares (NASDAQ:METU) saw unusually large options trading on Wednesday. Traders bought 14,383 call options on the company. This is an increase of approximately 174% compared to the average daily volume of 5,249 call options.

Institutional Trading of Direxion Daily META Bull 2X Shares

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG bought a new position in Direxion Daily META Bull 2X Shares during the 4th quarter worth approximately $2,500,000. Simplex Trading LLC bought a new stake in Direxion Daily META Bull 2X Shares in the 4th quarter valued at about $1,290,000. Virtu Financial LLC acquired a new position in Direxion Daily META Bull 2X Shares during the 4th quarter worth approximately $876,000. OLD Mission Capital LLC bought a new position in shares of Direxion Daily META Bull 2X Shares in the 4th quarter worth $575,000. Finally, Corient Private Wealth LLC acquired a new position in shares of Direxion Daily META Bull 2X Shares during the second quarter valued at about $681,000.

Direxion Daily META Bull 2X Shares Stock Performance

Shares of METU traded up $3.99 during mid-day trading on Wednesday, reaching $24.24. The company had a trading volume of 19,744,973 shares, compared to its average volume of 4,380,319. The company has a market capitalization of $354.39 million, a price-to-earnings ratio of 24.62 and a beta of 3.07. The company’s 50 day simple moving average is $24.42 and its 200 day simple moving average is $27.72. Direxion Daily META Bull 2X Shares has a 1-year low of $18.62 and a 1-year high of $51.20.

Direxion Daily META Bull 2X Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.1432 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, June 23rd.

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.