No headlines found.
No press releases found.
No news found.
The Direxion META Defined Income Boost ETF (the "Fund") seeks investment results, that track the Cboe META Defined Income Index (the "Index"). The Index is designed to track the performance of an investment strategy that systematically attempts to collect a target amount of income from option premiums by writing (selling) weekly, out-of-the-money equity call options on an underlying security (i.e., common shares of Meta Platforms, Inc. (NASDAQ: META)) based on the Index's target distribution amount, with daily delta hedging conducted through long positions in the underlying security. The Index's target distribution amount is set by Cboe Global Indices, LLC (the "Index Provider") and is currently set at an annualized distribution rate of 20%. Meta Platforms, Inc. develops products that enable people to connect and share with friends and family via social media platforms, mobile devices, personal computers, virtual reality headsets, wearables. The Index is constructed such that at the end of each week (generally Friday), an out-of-the-money call option on META is sold that typically expires at the end of the following week. The seller of a call option receives a payment ("premium") from the buyer. Using this strategy, the Index generates income in the form of option premiums.
Direxion Meta Defined Income Boost ETF trades on the BATS stock market under the symbol MEIB.
As of September 4, 2026, MEIB stock price was flat at $25.60 with 89 million shares trading.
MEIB has a market cap of $2.56 million. This is considered a Sub-Micro Cap stock.
MEIB support price is $25.06 and resistance is $26.14 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MEIB shares will trade within this expected range on the day.
