Direxion Daily META Bull 2X Shares (NASDAQ:METU) Trading 3% Higher - What's Next?

Direxion Daily META Bull 2X Shares (NASDAQ:METU - Get Free Report)'s stock price traded up 3% on Thursday . The company traded as high as $46.41 and last traded at $44.85. 706,402 shares were traded during mid-day trading, a decline of 8% from the average session volume of 769,769 shares. The stock had previously closed at $43.56.Direxion Daily META Bull 2X Shares Trading Up 3.0%The firm has a market cap of $135.90 million and a price-to-earnings ratio of 24.62. The firm has a 50-day moving average of $44.58 and a two-hundred day moving average of $37.68.Direxion Daily META Bull 2X Shares Increases DividendThe firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were given a dividend of $0.2497 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $1.00 annualized dividend and a dividend yield of 2.2%. This is a boost from Direxion Daily META Bull 2X Shares's previous quarterly dividend of $0.17. Hedge Funds Weigh In On Direxion Daily META Bull 2X SharesSeveral large investors have recently made changes to their positions in the business. Susquehanna International Group LLP lifted its position in shares of 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 last quarter. Jane Street Group LLC acquired a new position in shares of Direxion Daily META Bull 2X Shares during the 4th quarter worth about $542,000. Corient Private Wealth LLC acquired a new position in shares of Direxion Daily META Bull 2X Shares during the 2nd quarter worth about $681,000. HUB Investment Partners LLC acquired a new position in shares of Direxion Daily META Bull 2X Shares during the 2nd quarter worth about $418,000. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in shares of Direxion Daily META Bull 2X Shares during the 2nd quarter worth about $345,000. About Direxion Daily META Bull 2X Shares (Get Free Report)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.Featured ArticlesFive stocks we like better than Direxion Daily META Bull 2X SharesHow to Invest in Blue Chip StocksAffirm Crushes Earnings Expectations, Turns Bears into BelieversHow to Buy Cheap Stocks Step by StepAnalysts See Big Upside for These 3 Retail Stocks Expert Stock Trading Psychology TipsBuy the Dip? GitLab’s Bullish Case Outweighs the BearsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Direxion Daily META Bull 2X Shares Right Now?Before you consider Direxion Daily META Bull 2X Shares, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Direxion Daily META Bull 2X Shares wasn't on the list.While Direxion Daily META Bull 2X Shares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here