Stock Traders Purchase Large Volume of Call Options on Direxion Daily META Bull 2X Shares (NASDAQ:METU)

Direxion Daily META Bull 2X Shares (NASDAQ:METU) saw some unusual options trading on Tuesday. Investors purchased 5,233 call options on the stock. This is an increase of approximately 52% compared to the typical daily volume of 3,433 call options.

Direxion Daily META Bull 2X Shares Trading Down 1.3%

NASDAQ METU opened at $27.11 on Wednesday. The business has a fifty day simple moving average of $39.44 and a 200 day simple moving average of $40.76. Direxion Daily META Bull 2X Shares has a 12 month low of $20.11 and a 12 month high of $52.12. The firm has a market capitalization of $178.93 million, a P/E ratio of 24.62 and a beta of 4.09.

Direxion Daily META Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were issued a $0.2229 dividend. The ex-dividend date was Tuesday, September 23rd. This represents a $0.89 annualized dividend and a dividend yield of 3.3%.

Institutional Inflows and Outflows

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

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.