Direxion Daily META Bull 2X ETF (METU)
Direxion Daily META Bull 2X ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $35.19, up 8.24% on the session, giving a market capitalisation of $756.6M. Its beta of 3.23 implies it has historically moved more than the broad market.
The Direxion Daily META Bull 2X Shares and Direxion Daily META Bear 1X Shares are constructed to deliver specific daily investment outcomes. The Bull 2X ETF is designed to provide daily returns equivalent to 200% of the positive performance of Meta Platforms, Inc. (NASDAQ: META) common stock. Conversely, the Bear 1X ETF aims to reflect 100% of the inverse, or opposite, daily movement of Meta's shares. These targets are set before the deduction of any fees or operational expenses.
Direxion Daily META Bull 2X ETF is most often compared with the following Financial Services names: