Direxion Daily META Bull 2X Shares (NASDAQ:METU) Short Interest Update

Direxion Daily META Bull 2X Shares (NASDAQ:METU) was the recipient of a large increase in short interest in 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. Based on an average daily volume of 512,900 shares, the days-to-cover ratio is currently 0.6 days. Approximately 19.6% of the shares of the company are short sold.

Direxion Daily META Bull 2X Shares Price Performance

NASDAQ:METU opened at $34.34 on Friday. The firm has a market cap of $51.51 million and a price-to-earnings ratio of 32.64. Direxion Daily META Bull 2X Shares has a 1-year low of $20.85 and a 1-year high of $52.12. The company has a 50 day moving average price of $41.37 and a 200-day moving average price of $35.95.

Direxion Daily META Bull 2X Shares Dividend Announcement

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

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

Several institutional investors have recently added to or reduced their stakes in METU. Jane Street Group LLC acquired a new position in Direxion Daily META Bull 2X Shares in the 4th quarter valued at about $542,000. SG Americas Securities LLC acquired a new position in Direxion Daily META Bull 2X Shares during the 4th quarter worth approximately $1,421,000. Optiver Holding B.V. acquired a new position in Direxion Daily META Bull 2X Shares during the 4th quarter worth approximately $1,626,000. Finally, Susquehanna International Group LLP increased its position in Direxion Daily META Bull 2X Shares by 222.1% during the 4th quarter. Susquehanna International Group LLP now owns 61,424 shares of the company’s stock worth $2,044,000 after purchasing an additional 42,354 shares during the period.

About Direxion Daily META Bull 2X Shares

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.