Direxion Daily META Bull 2X Shares (NASDAQ:METU) Short Interest Down 64.5% in November

Direxion Daily META Bull 2X Shares (NASDAQ:METU) was the recipient of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 40,300 shares, a decrease of 64.5% from the November 15th total of 113,400 shares. Based on an average trading volume of 269,000 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily META Bull 2X Shares Stock Up 4.3 %

NASDAQ METU traded up $1.64 during trading hours on Wednesday, reaching $39.50. The company’s stock had a trading volume of 266,204 shares, compared to its average volume of 229,924. Direxion Daily META Bull 2X Shares has a 52 week low of $20.85 and a 52 week high of $40.18. The company has a 50-day moving average of $34.11.

Direxion Daily META Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a dividend of $0.1879 per share. This is an increase from Direxion Daily META Bull 2X Shares’s previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, September 24th. This represents a $0.75 annualized dividend and a dividend yield of 1.90%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily META Bull 2X Shares stock. Hollencrest Capital Management acquired a new position in Direxion Daily META Bull 2X Shares (NASDAQ:METU) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,010 shares of the company’s stock, valued at approximately $55,000. Hollencrest Capital Management owned approximately 0.24% of Direxion Daily META Bull 2X Shares at the end of the most recent reporting period.