METD

Direxion Daily META Bear 1X Shares

$17.26

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Direxion Daily META Bear 1X Shares ETF (METD) seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the Meta Platforms, Inc. (META) stock.

Overview

ETF tracking Direxion Daily META Bear 1X Shares

Category Inverse

Issuer Other

Inception Date 2024-06-05

Market Cap $8.2M

Average Volume N/A

Dividend Yield 3.60%

52-Week Range $13.55 - $22.68

VWAP $17.38

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily META Bear 1X Shares ETF (METD) seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the Meta Platforms, Inc. (META) stock.

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to achieve its inverse exposure to the META stock. It does not invest directly in the underlying stock.

✨ Key Features

Provides -1x daily exposure to the performance of Meta Platforms, Inc. stock
Designed for short-term, tactical trading rather than long-term buy-and-hold investing
Resets daily, so longer-term returns may not match the inverse of the underlying asset
Has a very low expense ratio of 0.00%

⚠️ Primary Risks

Inverse/leveraged funds can experience significant losses in a short period of time
Daily rebalancing can lead to performance drift from the underlying asset over longer holding periods
Liquidity risk due to low assets under management and trading volume
Counterparty risk associated with the use of derivatives

👤 Best For

This ETF is designed for experienced, risk-tolerant investors who seek short-term, tactical exposure to the inverse performance of Meta Platforms, Inc. stock. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.