Direxion Daily META Bull 2X Shares (NASDAQ:METU) Short Interest Up 71.0% in February

Direxion Daily META Bull 2X Shares (NASDAQ:METU) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 294,400 shares, an increase of 71.0% from the February 13th total of 172,200 shares. Currently, 19.6% of the shares of the company are short sold. Based on an average daily trading volume, of 512,900 shares, the short-interest ratio is currently 0.6 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of METU. Optiver Holding B.V. purchased a new position in Direxion Daily META Bull 2X Shares during the fourth quarter valued at $1,626,000. SG Americas Securities LLC purchased a new position in Direxion Daily META Bull 2X Shares during the fourth quarter valued at $1,421,000. Susquehanna International Group LLP lifted its position in Direxion Daily META Bull 2X Shares by 222.1% during the fourth quarter. Susquehanna International Group LLP now owns 61,424 shares of the company’s stock valued at $2,044,000 after purchasing an additional 42,354 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Direxion Daily META Bull 2X Shares during the fourth quarter valued at $542,000.

Direxion Daily META Bull 2X Shares Price Performance

METU stock opened at $34.34 on Monday. The company has a market cap of $56.66 million and a P/E ratio of 24.28. Direxion Daily META Bull 2X Shares has a 1 year low of $20.85 and a 1 year high of $52.12. The stock’s fifty day moving average price is $41.35 and its 200-day moving average price is $36.05.

Direxion Daily META Bull 2X Shares Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.2572 per share. The ex-dividend date of this dividend was Monday, 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.