Direxion Daily META Bull 2X Shares (NASDAQ:METU) Shares Down 10.9% – What’s Next?

Posted by ABMN Staff on Jun 18th, 2026

Direxion Daily META Bull 2X Shares (NASDAQ:METU – Get Free Report) fell 10.9% during mid-day trading on Wednesday . The stock traded as low as $20.79 and last traded at $20.84. 6,036,370 shares were traded during trading, an increase of 41% from the average session volume of 4,296,318 shares. The stock had previously closed at $23.39.

Direxion Daily META Bull 2X Shares Stock Down 10.9%

The firm’s 50-day moving average is $25.82 and its 200-day moving average is $28.47. The company has a market cap of $304.68 million, a PE ratio of 24.62 and a beta of 3.07.

Direxion Daily META Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a dividend of $0.1935 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.77 annualized dividend and a dividend yield of 3.7%.

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

Several hedge funds and other institutional investors have recently modified their holdings of METU. UBS Group AG purchased a new position in shares of Direxion Daily META Bull 2X Shares during the fourth quarter valued at about $2,500,000. Simplex Trading LLC purchased a new stake in Direxion Daily META Bull 2X Shares in the fourth quarter worth about $1,290,000. Virtu Financial LLC purchased a new stake in Direxion Daily META Bull 2X Shares in the fourth quarter worth about $876,000. OLD Mission Capital LLC purchased a new stake in Direxion Daily META Bull 2X Shares in the fourth quarter worth about $575,000. Finally, Corient Private Wealth LLC purchased a new stake in Direxion Daily META Bull 2X Shares in the second quarter worth about $681,000.

About Direxion Daily META Bull 2X Shares

(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.