Short Interest in Direxion Daily META Bull 2X Shares (NASDAQ:METU) Increases By 44.4%

Direxion Daily META Bull 2X Shares (NASDAQ:METU) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 4,469,549 shares, a growth of 44.4% from the December 31st total of 3,094,505 shares. Based on an average daily volume of 2,836,852 shares, the days-to-cover ratio is currently 1.6 days. Approximately 19.8% of the company’s stock are short sold. Approximately 19.8% of the company’s stock are short sold. Based on an average daily volume of 2,836,852 shares, the days-to-cover ratio is currently 1.6 days.

Direxion Daily META Bull 2X Shares Trading Down 2.9%

NASDAQ METU opened at $35.85 on Tuesday. The company has a market cap of $790.49 million, a P/E ratio of 24.62 and a beta of 4.09. The company has a fifty day simple moving average of $31.65 and a 200 day simple moving average of $37.91. Direxion Daily META Bull 2X Shares has a 12-month low of $20.11 and a 12-month high of $52.12.

Direxion Daily META Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.209 per share. This is an increase from Direxion Daily META Bull 2X Shares’s previous quarterly dividend of $0.11. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, December 23rd.

Hedge Funds Weigh In On Direxion Daily META Bull 2X Shares

Large investors have recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. boosted its stake in Direxion Daily META Bull 2X Shares by 42.3% during the 4th quarter. SOA Wealth Advisors LLC. now owns 1,849 shares of the company’s stock valued at $59,000 after purchasing an additional 550 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of 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 purchasing an additional 731 shares in the last quarter. SRH Advisors LLC purchased a new position in shares of Direxion Daily META Bull 2X Shares during the fourth quarter valued at approximately $28,000. Hoey Investments Inc. grew its holdings in Direxion Daily META Bull 2X Shares by 500.0% during the fourth quarter. Hoey Investments Inc. now owns 3,000 shares of the company’s stock worth $96,000 after buying an additional 2,500 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in Direxion Daily META Bull 2X Shares in the 2nd quarter valued at $244,000.

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.