METU

Direxion Daily META Bull 2X Shares

$28.24

+0.00%

Market closed. Last update: 11:58 AM ET

📎 Investment Objective

The Direxion Daily META Bull 2X Shares ETF (METU) seeks to provide 2x the daily return of the META (Facebook) stock.

Overview

ETF tracking Direxion Daily META Bull 2X Shares

Category Leveraged

Issuer Other

Inception Date 2024-06-05

Market Cap $85.4M

Average Volume N/A

Dividend Yield 3.20%

52-Week Range $20.49 - $51.54

VWAP $27.82

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily META Bull 2X Shares ETF (METU) seeks to provide 2x the daily return of the META (Facebook) stock.

🎯 Investment Strategy

METU is a leveraged ETF that aims to achieve its investment objective by investing in a portfolio of financial instruments, such as swap agreements and futures contracts, that provide leveraged exposure to the META stock. The fund rebalances its portfolio on a daily basis to maintain the 2x leverage.

✨ Key Features

Provides 2x the daily return of the META stock
Utilizes derivatives and leverage to achieve its objective
Rebalances portfolio daily to maintain 2x leverage
Suitable for short-term, speculative trading

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for increased volatility and tracking error compared to the underlying asset
Risks associated with the use of derivatives, including counterparty risk
Lack of long-term performance history

👤 Best For

METU is a highly speculative investment and is best suited for experienced, risk-tolerant investors with a short-term investment horizon who are comfortable with the increased risks and volatility associated with leveraged ETFs. This fund is not recommended for long-term buy-and-hold investors.