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

Direxion Daily META Bull 2X Shares (NASDAQ:METU) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 40,300 shares, a drop of 64.5% from the November 15th total of 113,400 shares. Based on an average daily trading volume, of 269,000 shares, the short-interest ratio is currently 0.1 days.

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

An institutional investor recently bought a new position in Direxion Daily META Bull 2X Shares stock. Hollencrest Capital Management bought a new stake in shares of Direxion Daily META Bull 2X Shares (NASDAQ:METU) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,010 shares of the company’s stock, valued at approximately $55,000. Hollencrest Capital Management owned about 0.24% of Direxion Daily META Bull 2X Shares at the end of the most recent reporting period.

Direxion Daily META Bull 2X Shares Trading Up 4.3 %

Shares of NASDAQ:METU traded up $1.64 during trading on Wednesday, reaching $39.50. The company had a trading volume of 266,204 shares, compared to its average volume of 229,924. The business’s fifty day moving average is $34.11. Direxion Daily META Bull 2X Shares has a twelve month low of $20.85 and a twelve month high of $40.18.

Direxion Daily META Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a $0.1879 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.90%. This is an increase from Direxion Daily META Bull 2X Shares’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, September 24th.