Short Interest in Direxion Daily META Bull 2X Shares (NASDAQ:METU) Increases By 84.0%

Direxion Daily META Bull 2X Shares (NASDAQ:METU) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 7,895,832 shares, a growth of 84.0% from the July 15th total of 4,292,060 shares. Based on an average trading volume of 4,436,871 shares, the short-interest ratio is presently 1.8 days. Approximately 45.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On Direxion Daily META Bull 2X Shares

A number of large investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in Direxion Daily META Bull 2X Shares during the fourth quarter valued at $876,000. UBS Group AG acquired a new stake in shares of Direxion Daily META Bull 2X Shares during the fourth quarter worth approximately $2,500,000. SOA Wealth Advisors LLC. boosted its holdings in shares of Direxion Daily META Bull 2X Shares by 27.9% during the first quarter. SOA Wealth Advisors LLC. now owns 2,364 shares of the company’s stock worth $53,000 after purchasing an additional 515 shares during the period. Parallel Advisors LLC grew its position in Direxion Daily META Bull 2X Shares by 50.0% during the first quarter. Parallel Advisors LLC now owns 1,200 shares of the company’s stock valued at $27,000 after purchasing an additional 400 shares in the last quarter. Finally, Hoey Investments Inc. lifted its position in Direxion Daily META Bull 2X Shares by 500.0% in the 4th quarter. Hoey Investments Inc. now owns 3,000 shares of the company’s stock worth $96,000 after buying an additional 2,500 shares in the last quarter.

Direxion Daily META Bull 2X Shares Trading Down 1.8%

Shares of Direxion Daily META Bull 2X Shares stock traded down $0.38 on Friday, reaching $21.18. 3,108,469 shares of the company were exchanged, compared to its average volume of 4,620,701. Direxion Daily META Bull 2X Shares has a fifty-two week low of $16.85 and a fifty-two week high of $51.20. The firm has a market capitalization of $368.53 million, a price-to-earnings ratio of 24.62 and a beta of 3.21. The stock has a fifty day moving average price of $22.40 and a 200-day moving average price of $25.92.

Direxion Daily META Bull 2X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.1432 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.57 dividend on an annualized basis and a yield of 2.7%.

About Direxion Daily META Bull 2X Shares

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.