Direxion Daily META Bull 2X ETF

Frequently Asked Questions About METU

What does METU invest in?

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.

What is the expense ratio of METU?

Direxion Daily META Bull 2X ETF (METU) charges an expense ratio of 1.02%. This is the annual fee deducted from fund assets to cover management and operations.

Is METU a good long-term hold?

METU is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does METU's daily reset work?

METU rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is METU?

Direxion Daily META Bull 2X ETF (METU) manages $371.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is METU actively managed or an index fund?

METU's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.