Direxion Daily META Bull 2X Shares (NASDAQ:METU) Short Interest Up 292.9% in October

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

Direxion Daily META Bull 2X Shares Stock Performance

Shares of Direxion Daily META Bull 2X Shares stock traded up $0.16 on Tuesday, reaching $34.28. The company had a trading volume of 714,548 shares, compared to its average volume of 225,996. The firm’s 50-day simple moving average is $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 announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a $0.1879 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $0.75 annualized dividend and a dividend yield of 2.19%. This is an increase from Direxion Daily META Bull 2X Shares’s previous quarterly dividend of $0.02.

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 grew its holdings in shares of Direxion Daily META Bull 2X Shares (NASDAQ:METU) by 99.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,010 shares of the company’s stock after buying an additional 2,000 shares during the quarter. Hollencrest Capital Management owned 0.36% of Direxion Daily META Bull 2X Shares worth $134,000 at the end of the most recent reporting period.