UBS Group AG Invests $2.50 Million in Direxion Daily META Bull 2X Shares $METU

UBS Group AG purchased a new position in Direxion Daily META Bull 2X Shares (NASDAQ:METU) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 77,843 shares of the company’s stock, valued at approximately $2,500,000. UBS Group AG owned about 0.34% of Direxion Daily META Bull 2X Shares as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SRH Advisors LLC bought a new position in shares of Direxion Daily META Bull 2X Shares in the 4th quarter worth $28,000. SOA Wealth Advisors LLC. boosted its position in shares of Direxion Daily META Bull 2X Shares by 42.3% in the 4th quarter. SOA Wealth Advisors LLC. now owns 1,849 shares of the company’s stock worth $59,000 after purchasing an additional 550 shares during the last quarter. Hoey Investments Inc. boosted its position in shares of 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 purchasing an additional 2,500 shares during the last quarter. Bank of America Corp DE bought a new position in Direxion Daily META Bull 2X Shares during the second quarter worth about $244,000. Finally, United Advisor Group LLC bought a new position in Direxion Daily META Bull 2X Shares during the fourth quarter worth about $288,000.

Direxion Daily META Bull 2X Shares Trading Up 0.7%

METU stock opened at $24.76 on Wednesday. The business’s 50-day moving average price is $25.88 and its two-hundred day moving average price is $29.04. The firm has a market cap of $361.99 million, a PE ratio of 24.62 and a beta of 3.17. Direxion Daily META Bull 2X Shares has a 1-year low of $18.62 and a 1-year high of $51.20.

Direxion Daily META Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.1935 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.77 annualized dividend and a yield of 3.1%.

Direxion Daily META Bull 2X Shares 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.