Direxion Daily META Bull 2X ETF (NASDAQ:METU – Get Free Report) shares were up 4.6% during trading on Thursday . The company traded as high as $34.22 and last traded at $34.0080. Approximately 4,093,545 shares were traded during mid-day trading, a decline of 17% from the average session volume of 4,910,357 shares. The stock had previously closed at $32.51.
Direxion Daily META Bull 2X ETF Price Performance
The company has a 50 day simple moving average of $22.78 and a 200-day simple moving average of $24.22. The stock has a market cap of $607.60 million, a P/E ratio of 24.62 and a beta of 3.21.
Institutional Trading of Direxion Daily META Bull 2X ETF
A number of hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC boosted its stake in Direxion Daily META Bull 2X ETF by 50.0% in the first quarter. Parallel Advisors LLC now owns 1,200 shares of the company’s stock worth $27,000 after buying an additional 400 shares in the last quarter. SOA Wealth Advisors LLC. raised its stake in shares of Direxion Daily META Bull 2X ETF by 27.9% during the first quarter. SOA Wealth Advisors LLC. now owns 2,364 shares of the company’s stock worth $53,000 after acquiring an additional 515 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Direxion Daily META Bull 2X ETF in the 2nd quarter worth approximately $186,000. Tactive Advisors LLC lifted its holdings in shares of Direxion Daily META Bull 2X ETF by 67.2% in the 1st quarter. Tactive Advisors LLC now owns 24,875 shares of the company’s stock worth $557,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Direxion Daily META Bull 2X ETF in the 4th quarter valued at $876,000.
About Direxion Daily META Bull 2X ETF
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.
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