Direxion Daily META Bull 2X Shares (NASDAQ:METU) Stock Price Down 3.9% – Here’s What Happened

Direxion Daily META Bull 2X Shares (NASDAQ:METU)’s share price were down 3.9% during mid-day trading on Friday . The company traded as low as $38.80 and last traded at $39.16. Approximately 391,023 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 822,253 shares. The stock had previously closed at $40.76.

Direxion Daily META Bull 2X Shares Trading Down 3.9%

The business’s 50-day moving average price is $33.01 and its 200-day moving average price is $35.91. The stock has a market cap of $124.14 million and a PE ratio of 24.62.

Direxion Daily META Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a $0.1737 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Tuesday, March 25th.

Institutional Trading of Direxion Daily META Bull 2X Shares

A number of institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP boosted its stake in Direxion Daily META Bull 2X Shares by 222.1% in 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 in the last quarter. Optiver Holding B.V. acquired a new stake in Direxion Daily META Bull 2X Shares in the 4th quarter worth approximately $1,626,000. Finally, Jane Street Group LLC acquired a new stake in Direxion Daily META Bull 2X Shares in the 4th quarter worth approximately $542,000.

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.