Direxion Daily META Bull 2X Shares (NASDAQ:METU) Shares Gap Down – Here’s What Happened

Direxion Daily META Bull 2X Shares (NASDAQ:METU)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $22.91, but opened at $21.45. Direxion Daily META Bull 2X Shares shares last traded at $22.11, with a volume of 4,255,942 shares.

Direxion Daily META Bull 2X Shares Trading Up 11.9%

The stock has a market capitalization of $637.68 million, a PE ratio of 24.62 and a beta of 3.21. The firm’s 50-day simple moving average is $23.35 and its two-hundred day simple moving average is $27.29.

Direxion Daily META Bull 2X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.1432 dividend. This represents a $0.57 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC purchased a new stake in Direxion Daily META Bull 2X Shares in the 4th quarter worth about $26,000. SRH Advisors LLC purchased a new position in Direxion Daily META Bull 2X Shares during the 4th quarter valued at about $28,000. Summit Securities Group LLC purchased a new position in Direxion Daily META Bull 2X Shares during the 4th quarter valued at about $32,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Direxion Daily META Bull 2X Shares in the 4th quarter valued at about $35,000. Finally, SOA Wealth Advisors LLC. increased its holdings in shares of Direxion Daily META Bull 2X Shares by 27.9% in the 1st quarter. SOA Wealth Advisors LLC. now owns 2,364 shares of the company’s stock valued at $53,000 after purchasing an additional 515 shares during the period.

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.