Direxion Daily META Bull 2X ETF
METU
NASDAQ Global Market- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York NY United States of America 10019
- IPO Date
- Jun 6, 2024
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily META Bull 2X Shares (METU) is an exchange-traded fund that seeks daily investment results, before fees and expenses, of 200% of the performance of the common shares of Meta Platforms, Inc. (NASDAQ: META). The fund invests at least 80% of its net assets in META securities and financial instruments, such as swap agreements, options, and cash equivalents including Treasury securities; its portfolio typically includes leveraged swaps on META, direct holdings in META Class A shares, and offsetting derivatives to achieve the 2X daily target exposure. Issued by Direxion Shares ETF Trust and managed by Rafferty Asset Management, LLC, METU operates in the leveraged equity segment of the exchange-traded funds industry, targeting sophisticated traders seeking amplified short-term exposure to single-stock volatility in the communication services sector. Launched on June 5, 2024, and headquartered in the United States, the fund is domiciled in the U.S. and listed on Nasdaq, with total net assets exceeding $950 million and a net expense ratio of 1.06% (with waivers through September 1, 2026). It provides leveraged access primarily to U.S. investors through standard brokerage accounts, emphasizing daily rebalancing to maintain its objective amid META's fluctuations driven by advertising revenue, AI investments, user growth, and regulatory factors. METU pairs with the complementary Direxion Daily META Bear 1X Shares (METD) to offer bullish and bearish single-stock ETF strategies. In recent developments, METU has experienced heightened trading volume and performance volatility, with year-to-date declines of approximately 6% as of December 2025 amid META's elevated capital spending on AI (projected at $70-72 billion for 2025) and stock price pressures. The fund marked recent distributions, including $0.2572 per share ex-date December 22, 2024, and $0.1879 ex-date September 23, 2024, reflecting its dividend policy tied to underlying exposures. No major acquisitions, partnerships, or strategic shifts have been announced for the fund or its issuer in the past 1-2 years beyond ongoing expense limitation agreements and standard single-stock ETF expansions by Direxion.