Traders Buy High Volume of Call Options on Direxion Daily META Bull 2X ETF (NASDAQ:METU)

Direxion Daily META Bull 2X ETF (NASDAQ:METU) saw some unusual options trading on Thursday. Stock traders purchased 10,606 call options on the stock. This is an increase of 23% compared to the typical volume of 8,653 call options.

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

Large investors have recently made changes to their positions in the business. Bullseye Investment Management LLC purchased a new position in shares of Direxion Daily META Bull 2X ETF in the 2nd quarter worth about $1,125,000. Integrated Wealth Concepts LLC bought a new position in Direxion Daily META Bull 2X ETF during the second quarter valued at about $186,000. Tactive Advisors LLC increased its holdings in Direxion Daily META Bull 2X ETF by 65.9% during the second quarter. Tactive Advisors LLC now owns 41,275 shares of the company’s stock worth $836,000 after buying an additional 16,400 shares during the last quarter. SOA Wealth Advisors LLC. increased its holdings in Direxion Daily META Bull 2X ETF by 27.9% during the first quarter. SOA Wealth Advisors LLC. now owns 2,364 shares of the company’s stock worth $53,000 after buying an additional 515 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in Direxion Daily META Bull 2X ETF by 50.0% in the first quarter. Parallel Advisors LLC now owns 1,200 shares of the company’s stock worth $27,000 after acquiring an additional 400 shares during the period.

Direxion Daily META Bull 2X ETF Stock Up 5.9%

Direxion Daily META Bull 2X ETF stock traded up $1.92 during mid-day trading on Thursday, reaching $34.42. 7,792,720 shares of the company’s stock were exchanged, compared to its average volume of 4,932,452. The business’s fifty day simple moving average is $22.78 and its 200 day simple moving average is $24.22. The firm has a market capitalization of $607.60 million, a PE ratio of 24.62 and a beta of 3.21. Direxion Daily META Bull 2X ETF has a one year low of $16.85 and a one year high of $45.36.

Direxion Daily META Bull 2X ETF 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.