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

Direxion Daily META Bull 2X Shares (NASDAQ:METU) saw some unusual options trading on Wednesday. Traders acquired 14,383 call options on the company. This is an increase of approximately 174% compared to the typical daily volume of 5,249 call options.

Direxion Daily META Bull 2X Shares Trading Up 19.7%

Shares of METU stock traded up $3.99 on Wednesday, reaching $24.24. The company had a trading volume of 19,744,973 shares, compared to its average volume of 4,380,319. The company has a 50-day moving average of $24.42 and a 200-day moving average of $27.72. The stock has a market cap of $354.39 million, a PE ratio of 24.62 and a beta of 3.07. Direxion Daily META Bull 2X Shares has a 12 month low of $18.62 and a 12 month high of $51.20.

Direxion Daily META Bull 2X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.1432 per share. This represents a $0.57 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC bought a new stake in shares of Direxion Daily META Bull 2X Shares in the fourth quarter worth $26,000. SRH Advisors LLC bought a new stake in Direxion Daily META Bull 2X Shares in the 4th quarter valued at $28,000. Summit Securities Group LLC acquired a new position in shares of Direxion Daily META Bull 2X Shares in the fourth quarter valued at about $32,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Direxion Daily META Bull 2X Shares in the fourth quarter valued at approximately $35,000. Finally, SOA Wealth Advisors LLC. raised 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 valued at $59,000 after acquiring an additional 550 shares in the last quarter.

Direxion Daily META Bull 2X Shares 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.