Direxion Daily META Bull 2X ETF Experiences Big Outflow

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Direxion Daily META Bull 2X ETF (Symbol: METU) where we have detected an approximate $118.3 million dollar outflow -- that's a 19.6% decrease week over week (from 22,825,001 to 18,350,001). The chart below shows the one year price performance of METU, versus its 200 day moving average: Looking at the chart above, METU's low point in its 52 week range is $16.85 per share, with $49.75 as the 52 week high point — that compares with a last trade of $26.48. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average » .