Direxion Daily META Bull 2X ETF (NASDAQ:METU – Get Free Report)’s share price was up 4.6% on Thursday . The stock traded as high as $34.22 and last traded at $34.0080. Approximately 4,093,545 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 4,910,357 shares. The stock had previously closed at $32.51.
Direxion Daily META Bull 2X ETF Price Performance
The stock has a 50 day moving average price of $22.78 and a 200-day moving average price of $24.22. The stock has a market capitalization of $607.60 million, a P/E ratio of 24.62 and a beta of 3.21.
Institutional Trading of Direxion Daily META Bull 2X ETF
Several large investors have recently modified their holdings of METU. Parallel Advisors LLC increased its position in Direxion Daily META Bull 2X ETF by 50.0% during the 1st quarter. Parallel Advisors LLC now owns 1,200 shares of the company’s stock valued at $27,000 after purchasing an additional 400 shares during the period. SOA Wealth Advisors LLC. lifted its position in Direxion Daily META Bull 2X ETF by 27.9% during the first quarter. SOA Wealth Advisors LLC. now owns 2,364 shares of the company’s stock valued at $53,000 after buying an additional 515 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Direxion Daily META Bull 2X ETF during the 2nd quarter valued at $186,000. Tactive Advisors LLC boosted its holdings in shares of Direxion Daily META Bull 2X ETF by 67.2% during the 1st quarter. Tactive Advisors LLC now owns 24,875 shares of the company’s stock valued at $557,000 after buying an additional 10,000 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Direxion Daily META Bull 2X ETF in the 4th quarter worth about $876,000.
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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