Direxion Daily META Bull 2X Shares Target of Unusually Large Options Trading (NASDAQ:METU)

Direxion Daily META Bull 2X Shares (NASDAQ:METU) was the recipient of unusually large options trading on Thursday. Stock traders bought 10,293 call options on the company. This represents an increase of approximately 70% compared to the typical daily volume of 6,056 call options.

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

Several institutional investors have recently bought and sold shares of the stock. UBS Group AG acquired a new stake in shares of Direxion Daily META Bull 2X Shares in the fourth quarter worth about $2,500,000. Hoey Investments Inc. increased its holdings in shares of Direxion Daily META Bull 2X Shares by 500.0% during the 4th quarter. Hoey Investments Inc. now owns 3,000 shares of the company’s stock valued at $96,000 after acquiring an additional 2,500 shares during the last quarter. United Advisor Group LLC bought a new position in shares of Direxion Daily META Bull 2X Shares in the 4th quarter valued at approximately $288,000. SRH Advisors LLC bought a new position in shares of Direxion Daily META Bull 2X Shares in the 4th quarter valued at approximately $28,000. Finally, SOA Wealth Advisors LLC. lifted its holdings in 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.

Direxion Daily META Bull 2X Shares Stock Down 5.9%

NASDAQ METU opened at $36.92 on Friday. The stock has a market capitalization of $816.67 million, a PE ratio of 24.62 and a beta of 4.09. Direxion Daily META Bull 2X Shares has a 12-month low of $20.11 and a 12-month high of $52.12. The company has a 50 day moving average price of $31.50 and a two-hundred day moving average price of $37.99.

Direxion Daily META Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a $0.209 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.3%. 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.

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.