Direxion Daily META Bull 2X Shares (NASDAQ:METU) Sees Large Increase in Short Interest

Direxion Daily META Bull 2X Shares (NASDAQ:METU) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 125,300 shares, an increase of 474.8% from the December 31st total of 21,800 shares. Based on an average daily volume of 310,500 shares, the short-interest ratio is currently 0.4 days.

Direxion Daily META Bull 2X Shares Price Performance

Shares of METU stock traded up $1.80 during mid-day trading on Tuesday, hitting $43.44. The stock had a trading volume of 1,123,180 shares, compared to its average volume of 582,145. The firm’s 50-day moving average is $35.93 and its two-hundred day moving average is $32.10. Direxion Daily META Bull 2X Shares has a 12-month low of $20.85 and a 12-month high of $44.46.

Direxion Daily META Bull 2X Shares Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.2572 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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

An institutional investor recently raised its position in Direxion Daily META Bull 2X Shares stock. Hollencrest Capital Management increased its stake in shares of Direxion Daily META Bull 2X Shares (NASDAQ:METU) by 99.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,010 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. Hollencrest Capital Management owned approximately 0.36% of Direxion Daily META Bull 2X Shares worth $134,000 as of its most recent SEC filing.