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METU

Direxion Daily META Bull 2X Shares·NASDAQ
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Key Stats

Assets Under Management
678.01MUSD
Fund Flows (1Y)
688.74MUSD
Dividend Yield
3.09%
Discount/Premium to NAV
0.09%
Shares Outstanding
21.75M
Expense Ratio
1.06%

About Direxion Daily META Bull 2X Shares

Issuer
Rafferty Asset Management, LLC
Brand
Direxion
Inception Date
Jun 5, 2024
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
METU is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of META stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the 2x multiple. Aside from the leverage, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when the underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested.

Classification

Asset Class
Equity
Category
Sector
Focus
Communication Services
Niche
Interactive Media & Services
Strategy
Vanilla
Geography
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Weighting Scheme
Single Asset
Selection Criteria
Single asset

Analysis

Sector

Communication Services

100.00%

Asset

Holdings

Symbol

Ratio

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META PLATOFORMS INC-CLASS A SWAP

87.74%
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META PLATOFORMS INC-CLASS A SWAP-1

48.64%
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DREYFUS TRSRY SECURITIES CASH MGMT

35.41%
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META PLATOFORMS INC-CLASS A SWAP-2

24.48%
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DREYFUS GOVT CASH MAN INS

24.13%
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META PLATOFORMS INC-CLASS A SWAP-3

20.97%

Symbol

Ratio

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META

Meta
18.16%
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GOLDMAN SACHS FIN GOV 465 INSTITUT

14.99%
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GOLDMAN FINL SQ TRSRY INST 506

9.81%
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META PLATOFORMS INC-CLASS A SWAP-4

0.00%

Top 10 Weight 284.34%

10 Total Holdings

See all holdings

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