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

Direxion Daily META Bull 2X Shares (NASDAQ:METU) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 265,200 shares, an increase of 292.9% from the October 15th total of 67,500 shares. Based on an average trading volume of 240,000 shares, the short-interest ratio is presently 1.1 days.

Direxion Daily META Bull 2X Shares Stock Performance

Shares of METU stock traded up $0.16 during trading hours on Tuesday, reaching $34.28. 714,548 shares of the company’s stock were exchanged, compared to its average volume of 225,996. The firm has a fifty day moving average price of $32.40. Direxion Daily META Bull 2X Shares has a 1 year low of $20.85 and a 1 year high of $37.06.

Direxion Daily META Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a dividend of $0.1879 per share. The ex-dividend date was Tuesday, September 24th. This represents a $0.75 dividend on an annualized basis and a yield of 2.19%. This is a boost from Direxion Daily META Bull 2X Shares’s previous quarterly dividend of $0.02.

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

A hedge fund recently raised its stake in Direxion Daily META Bull 2X Shares stock. Hollencrest Capital Management grew its position in shares of Direxion Daily META Bull 2X Shares (NASDAQ:METU) by 99.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,010 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. Hollencrest Capital Management owned approximately 0.36% of Direxion Daily META Bull 2X Shares worth $134,000 as of its most recent SEC filing.