Direxion Daily META Bull 2X Shares (NASDAQ:METU) Trading 3% Higher - What's Next?
Direxion Daily META Bull 2X Shares (NASDAQ:METU) saw a 3% increase in stock price, trading at $44.85 after reaching a high of $46.41. The firm has a market cap of $135.90 million and a P/E ratio of 24.62. A quarterly dividend of $0.2497 per share was recently paid, marking an increase from the previous dividend. Several hedge funds have recently adjusted their positions in the stock. Analysts currently rate the stock as a Hold, suggesting investors consider other options.
Direxion Daily META Bull 2X Shares Trading Up 3.0%
The firm has a market cap of $135.90 million and a price-to-earnings ratio of 24.62. The firm has a 50-day moving average of $44.58 and a two-hundred day moving average of $37.68.
Direxion Daily META Bull 2X Shares Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were given a dividend of $0.2497 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $1.00 annualized dividend and a dividend yield of 2.2%. This is a boost from Direxion Daily META Bull 2X Shares's previous quarterly dividend of $0.17.
Hedge Funds Weigh In On Direxion Daily META Bull 2X Shares
Several large investors have recently made changes to their positions in the business. Susquehanna International Group LLP lifted its position in shares of Direxion Daily META Bull 2X Shares by 222.1% during the 4th quarter. Susquehanna International Group LLP now owns 61,424 shares of the company's stock worth $2,044,000 after purchasing an additional 42,354 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Direxion Daily META Bull 2X Shares during the 4th quarter worth about $542,000. Corient Private Wealth LLC acquired a new position in shares of Direxion Daily META Bull 2X Shares during the 2nd quarter worth about $681,000. HUB Investment Partners LLC acquired a new position in shares of Direxion Daily META Bull 2X Shares during the 2nd quarter worth about $418,000. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in shares of Direxion Daily META Bull 2X Shares during the 2nd quarter worth about $345,000.
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.
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