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

Direxion Daily META Bull 2X Shares (NASDAQ:METU) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 125,300 shares, an increase of 474.8% from the December 15th total of 21,800 shares. Based on an average trading volume of 310,500 shares, the short-interest ratio is currently 0.4 days.

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

An institutional investor recently raised its position in Direxion Daily META Bull 2X Shares stock. Hollencrest Capital Management increased its holdings in shares of Direxion Daily META Bull 2X Shares (NASDAQ:METU) by 99.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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.

Direxion Daily META Bull 2X Shares Stock Performance

Shares of METU traded down $0.95 during midday trading on Monday, hitting $35.64. The stock had a trading volume of 409,968 shares, compared to its average volume of 448,887. The company has a 50 day simple moving average of $34.80 and a two-hundred day simple moving average of $31.37. 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 Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.2572 dividend. The ex-dividend date of this dividend was Monday, December 23rd.