Short Interest in Direxion Daily META Bull 2X Shares (NASDAQ:METU) Drops By 45.9%

Direxion Daily META Bull 2X Shares (NASDAQ:METU) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 21,800 shares, a decline of 45.9% from the November 30th total of 40,300 shares. Based on an average daily volume of 288,800 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Direxion Daily META Bull 2X Shares

An institutional investor recently bought a new position in Direxion Daily META Bull 2X Shares stock. Hollencrest Capital Management bought a new position in shares of Direxion Daily META Bull 2X Shares (NASDAQ:METU) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 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 quarter.

Direxion Daily META Bull 2X Shares Trading Down 1.5 %

Shares of METU opened at $35.44 on Friday. The stock has a 50 day simple moving average of $34.39 and a 200 day simple moving average of $30.76. Direxion Daily META Bull 2X Shares has a 52-week low of $20.85 and a 52-week high of $40.18.

Direxion Daily META Bull 2X Shares Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a $0.2572 dividend. The ex-dividend date is Monday, December 23rd.