Direxion Daily META Bull 2X ETF (NASDAQ:METU – Get Free Report)’s share price traded down 4.8% on Friday. The company traded as low as $33.06 and last traded at $33.6930. 1,699,821 shares were traded during trading, a decline of 65% from the average session volume of 4,926,402 shares. The stock had previously closed at $35.39.
Direxion Daily META Bull 2X ETF Price Performance
The company has a market capitalization of $580.61 million, a P/E ratio of 24.62 and a beta of 3.21. The stock’s fifty day simple moving average is $22.94 and its 200-day simple moving average is $24.26.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in METU. Virtu Financial LLC bought a new stake in shares of Direxion Daily META Bull 2X ETF in the fourth quarter valued at approximately $876,000. Bullseye Investment Management LLC bought a new position in Direxion Daily META Bull 2X ETF during the second quarter worth $1,125,000. Integrated Wealth Concepts LLC acquired a new position in Direxion Daily META Bull 2X ETF during the 2nd quarter valued at $186,000. Tactive Advisors LLC raised its stake in Direxion Daily META Bull 2X ETF by 67.2% during the 1st quarter. Tactive Advisors LLC now owns 24,875 shares of the company’s stock valued at $557,000 after purchasing an additional 10,000 shares during the last quarter. Finally, SOA Wealth Advisors LLC. boosted its holdings in Direxion Daily META Bull 2X ETF by 27.9% in the 1st quarter. SOA Wealth Advisors LLC. now owns 2,364 shares of the company’s stock valued at $53,000 after purchasing an additional 515 shares during the period.
About Direxion Daily META Bull 2X ETF
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.
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