Bullseye Investment Management LLC Purchases New Position in Direxion Daily META Bull 2X ETF $METU

Bullseye Investment Management LLC acquired a new position in shares of Direxion Daily META Bull 2X ETF (NASDAQ:METU) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 55,557 shares of the company’s stock, valued at approximately $1,125,000. Direxion Daily META Bull 2X ETF makes up approximately 0.6% of Bullseye Investment Management LLC’s investment portfolio, making the stock its 28th biggest holding. Bullseye Investment Management LLC owned approximately 0.32% of Direxion Daily META Bull 2X ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Parallel Advisors LLC acquired a new stake in Direxion Daily META Bull 2X ETF in the fourth quarter valued at approximately $26,000. Summit Securities Group LLC bought a new position in shares of Direxion Daily META Bull 2X ETF in the 4th quarter valued at $32,000. Mcguire Capital Advisors Inc. bought a new position in shares of Direxion Daily META Bull 2X ETF in the 4th quarter valued at $35,000. SOA Wealth Advisors LLC. boosted its holdings in shares of 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 valued at $53,000 after acquiring an additional 515 shares in the last quarter. Finally, Group One Trading LLC acquired a new stake in shares of Direxion Daily META Bull 2X ETF during the 4th quarter valued at $102,000.

Direxion Daily META Bull 2X ETF Trading Up 1.1%

METU traded up $0.27 on Friday, reaching $25.09. The stock had a trading volume of 3,121,670 shares, compared to its average volume of 4,843,643. Direxion Daily META Bull 2X ETF has a fifty-two week low of $16.85 and a fifty-two week high of $49.75. The firm has a 50-day moving average of $22.21 and a 200-day moving average of $24.33. The company has a market capitalization of $436.57 million, a price-to-earnings ratio of 24.62 and a beta of 3.21.

Direxion Daily META Bull 2X ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.1432 per share. This represents a $0.57 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, June 23rd.

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.