Direxion Daily META Bear 1X ETF
METD
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ROIC.AI
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- Direxion Daily META Bear 1X Shares (METD) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 100% of the inverse (or opposite) performance of the common shares of Meta Platforms, Inc. (NASDAQ: META); the fund employs derivatives such as swaps and options to achieve short exposure to META stock, targeting experienced traders seeking to hedge or speculate on daily declines in the underlying security. Launched on June 5, 2024, METD operates as part of the Direxion Shares ETF Trust, a series trust domiciled in the United States with Wilmington, Delaware, as its legal address and New York City as the operational headquarters of its adviser, Rafferty Asset Management, LLC. The fund features a net expense ratio of 1.00%, with assets under management around $8 million, and trades primarily on Nasdaq, available to U.S. investors without front-end loads or minimum investment thresholds. METD belongs to the trading-inverse equity category, focusing on single-stock leveraged and inverse strategies rather than diversified indices, distinguishing it from traditional ETFs through heightened volatility and daily reset mechanics that amplify compounding effects over longer holding periods. Direxion, the issuer founded in 1997, specializes in such high-conviction leveraged ETFs across sectors including technology, with offices in New York, Boston, and Hong Kong to support global product distribution. The fund's portfolio typically holds significant cash equivalents alongside short positions in META, reflecting its inverse mandate without broader sector diversification. In recent developments, Direxion has expanded its single-stock ETF lineup amid 2024-2025 market volatility, launching complementary Direxion Daily META Bull 2X Shares (METU) alongside METD and introducing new leveraged/inverse pairs for stocks like Berkshire Hathaway, Palantir, Palo Alto Networks, Oracle, Coinbase, Robinhood, and Intel to enhance trader tools in AI, crypto, and infrastructure themes. METD has exhibited trading surges in late 2025, with elevated volume signaling bearish interest in META despite year-to-date declines of approximately 25%, underscoring its role in short-term tactical positioning. No major acquisitions, funding rounds, or reorganizations specific to METD or Direxion were reported in the last 1-2 years, though the firm maintains approximately $50 billion in total AUM across its leveraged ETF portfolio as of mid-2025.