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

Direxion Daily META Bull 2X Shares (NASDAQ:METU) was the recipient of unusually large options trading on Thursday. Stock investors purchased 10,293 call options on the company. This represents an increase of approximately 70% compared to the average volume of 6,056 call options.

Institutional Trading of Direxion Daily META Bull 2X Shares

Several hedge funds and other institutional investors have recently modified their holdings of METU. SOA Wealth Advisors LLC. bought a new position in shares of Direxion Daily META Bull 2X Shares in the second quarter worth $59,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in shares of Direxion Daily META Bull 2X Shares during the 2nd quarter worth $345,000. SBI Securities Co. Ltd. lifted its position in shares of Direxion Daily META Bull 2X Shares by 36,550.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 733 shares of the company’s stock worth $33,000 after buying an additional 731 shares during the last quarter. Hoey Investments Inc. grew its position in Direxion Daily META Bull 2X Shares by 500.0% in the fourth quarter. Hoey Investments Inc. now owns 3,000 shares of the company’s stock valued at $96,000 after acquiring an additional 2,500 shares during the last quarter. Finally, United Advisor Group LLC acquired a new position in Direxion Daily META Bull 2X Shares during the fourth quarter worth about $288,000.

Direxion Daily META Bull 2X Shares Stock Up 21.2%

Shares of METU stock opened at $39.22 on Friday. 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 $887.16 million, a price-to-earnings ratio of 24.62 and a beta of 4.09. The firm has a fifty day moving average of $31.30 and a 200-day moving average of $38.03.

Direxion Daily META Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.209 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.1%. This is a boost from Direxion Daily META Bull 2X Shares’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, December 23rd.

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.