Direxion Shares ETF Trust - Direxion MU Defined Income Boost ETF

Frequently Asked Questions About MUIB

What does MUIB invest in?

MUIB aims to generate high income from the stock volatility of Micron Technology, Inc. (NASDAQ: MU). The ETF uses swaps to track an index that systematically writes weekly, out-of-the-money call options on MU, targeting a specific annualized distribution rate, distributed twice per month. MUIB adds a daily delta hedging strategy, which adjusts MU exposure each trading day to offset the negative delta of the short call position. This approach is designed to allow participation in MU's upside price movements. The option strike price selection process is formulaic and recalibrated weekly based on MU's price and implied volatility. The strategy also includes an options unwind feature that may close an option position early if certain thresholds are met. Distributions are characterized as ordinary income, though investors should note that if the strategy does not generate sufficient income in a given period, distributions may be partially characterized as a return of capital.

What is the expense ratio of MUIB?

Direxion Shares ETF Trust - Direxion MU Defined Income Boost ETF (MUIB) charges an expense ratio of 0.99%. This is the annual fee deducted from fund assets to cover management and operations.

What is MUIB's dividend yield?

MUIB's trailing-twelve-month yield is 5.87%, calculated from the sum of dividends over the past year divided by the current price.

How big is MUIB?

Direxion Shares ETF Trust - Direxion MU Defined Income Boost ETF (MUIB) manages $2.3M 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 MUIB actively managed or an index fund?

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

When was MUIB launched?

Direxion Shares ETF Trust - Direxion MU Defined Income Boost ETF (MUIB) launched in July 2026 and is managed by Direxion.