Direxion Daily META Bull 2X ETF (NASDAQ:METU) Stock Short Interest Climbs 118.8%

Direxion Daily META Bull 2X ETF (NASDAQ:METU) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 3,199,804 shares, an increase of 118.8% from the September 30th total of 1,462,101 shares. Currently, 24.1% of the company’s stock are short sold. Based on an average trading volume of 3,168,941 shares, the short-interest ratio is presently 1.0 days.

Direxion Daily META Bull 2X ETF Price Performance

Shares of METU stock traded down $0.72 during trading hours on Friday, hitting $21.54. The stock had a trading volume of 4,058,346 shares, compared to its average volume of 4,947,146. The firm has a market capitalization of $352.83 million, a PE ratio of 24.62 and a beta of 2.86. Direxion Daily META Bull 2X ETF has a twelve month low of $16.85 and a twelve month high of $39.74. The stock’s 50 day moving average is $26.56 and its 200 day moving average is $26.09.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Parallel Advisors LLC lifted its holdings in Direxion Daily META Bull 2X ETF by 50.0% in the 1st quarter. Parallel Advisors LLC now owns 1,200 shares of the company’s stock valued at $27,000 after acquiring an additional 400 shares during the last quarter. SOA Wealth Advisors LLC. grew its position in shares of Direxion Daily META Bull 2X ETF by 27.9% in the first quarter. SOA Wealth Advisors LLC. now owns 2,364 shares of the company’s stock valued at $53,000 after purchasing an additional 515 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in Direxion Daily META Bull 2X ETF by 17.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 5,573 shares of the company’s stock valued at $171,000 after purchasing an additional 839 shares during the period. Retirement Planning Co of New England Inc. lifted its stake in shares of Direxion Daily META Bull 2X ETF by 7.9% in the third quarter. Retirement Planning Co of New England Inc. now owns 20,425 shares of the company’s stock valued at $626,000 after buying an additional 1,487 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Direxion Daily META Bull 2X ETF during the 2nd quarter worth approximately $186,000.

Direxion Daily META Bull 2X ETF Company 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.