Direxion Daily META Bull 2X Shares (NASDAQ:METU) Shares Gap Down – Should You Sell?

Posted by Kyle Jackson on Mar 13th, 2026

Direxion Daily META Bull 2X Shares (NASDAQ:METU – Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $28.72, but opened at $27.44. Direxion Daily META Bull 2X Shares shares last traded at $27.61, with a volume of 2,234,558 shares changing hands.

Direxion Daily META Bull 2X Shares Stock Down 6.8%

The business’s 50-day simple moving average is $30.81 and its two-hundred day simple moving average is $35.10. The firm has a market capitalization of $590.50 million, a price-to-earnings ratio of 24.62 and a beta of 4.09.

Direxion Daily META Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a $0.209 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This is a boost from Direxion Daily META Bull 2X Shares’s previous quarterly dividend of $0.11. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%.

Hedge Funds Weigh In On Direxion Daily META Bull 2X Shares

Several hedge funds have recently bought and sold shares of the company. UBS Group AG purchased a new stake in Direxion Daily META Bull 2X Shares during the fourth quarter worth about $2,500,000. Simplex Trading LLC purchased a new position in shares of 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 purchased a new stake in shares of Direxion Daily META Bull 2X Shares during 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 worth $681,000.

Direxion Daily META Bull 2X Shares Company Profile

(Get Free Report)

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.