Direxion Daily META Bull 2X Shares (NASDAQ:METU) Short Interest Up 62.2% in September

Direxion Daily META Bull 2X Shares (NASDAQ:METU) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 941,800 shares, an increase of 62.2% from the September 15th total of 580,500 shares. Based on an average daily trading volume, of 941,400 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily trading volume, of 941,400 shares, the days-to-cover ratio is currently 1.0 days.

Direxion Daily META Bull 2X Shares Stock Performance

Shares of METU opened at $42.09 on Friday. Direxion Daily META Bull 2X Shares has a twelve month low of $20.11 and a twelve month high of $52.12. The firm’s 50 day moving average price is $43.94 and its two-hundred day moving average price is $39.49. The firm has a market cap of $286.21 million and a P/E ratio of 24.62.

Direxion Daily META Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were paid a $0.2229 dividend. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $0.89 dividend on an annualized basis and a yield of 2.1%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of METU. SBI Securities Co. Ltd. lifted its stake in Direxion Daily META Bull 2X Shares by 36,550.0% in the second quarter. SBI Securities Co. Ltd. now owns 733 shares of the company’s stock valued at $33,000 after buying an additional 731 shares in the last quarter. SOA Wealth Advisors LLC. bought a new position in Direxion Daily META Bull 2X Shares in the second quarter valued at approximately $59,000. Bank of America Corp DE bought a new position in Direxion Daily META Bull 2X Shares in the second quarter valued at approximately $244,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in shares of Direxion Daily META Bull 2X Shares in the second quarter worth $345,000. Finally, HUB Investment Partners LLC bought a new stake in shares of Direxion Daily META Bull 2X Shares in the second quarter worth $418,000.

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.