ETF profile for Direxion Daily Meta Bear 1X ETF (METD) from the issuer: top holdings, net assets, expense ratio and shares outstanding.
METD ETF Profile
| Family: |
Direxion Shares |
| Name: |
Direxion Daily META Bear 1X ETF |
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| Inception Date: |
5-Jun-2024 |
| Termination Date: |
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| Investment Objective: |
The Fund seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of META. The Fund, under normal circumstances, invests at least 80% of the Fund's net assets (plus borrowings for investment purposes) in financial instruments, including swap agreements and options, that, in combination, provide 1X daily inverse (opposite) or short exposure to META, consistent with the Fund's investment objective. The Fund will enter into one or more swap agreements with major global financial institutions whereby the Fund and the global financial institution will agree to exchange the return earned on an investment by the Fund in META that is equal, on a daily basis, to -100% of the value of the Fund's net assets. 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, and in-home devices worldwide in addition to providing online advertising to marketers. |
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| Prospectus |
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| Top 10 Holdings |
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| Derivatives offset |
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93.3863% |
| DREYFUS GOVT CASH MAN INS |
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64.3889% |
| META SWAP ASSET LEG |
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-46.7951% |
| META SWAP ASSET LEG |
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-24.9915% |
| GOLDMAN FINL SQ TRSRY INST 506 |
|
21.0489% |
| META SWAP ASSET LEG |
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-14.8359% |
| DREYFUS TRSRY SECURITIES CASH MGMT |
X9USDDTP3 |
12.5623% |
| META SWAP ASSET LEG |
|
-6.7639% |
| GOLDMAN SACHS FIN GOV 465 INSTITUT |
X9USDGLDS |
1.9998% |
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Top 10 Holdings Weight: |
100.0% |
| Number of Holdings: |
9 |
| Shares Outstanding: |
600,001 |
| Total Net Assets: |
8,874,015 |
| NAV: |
14.79 |
| Net Expense Ratio: |
1.02% |
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| Asset Class: |
Equities (Stocks) |
| Developed or Emerging: |
Developed Market Funds |
| Country: |
US |
| Region: |
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| Strategy: |
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| Currency: |
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| Commodity: |
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| Sector: |
Communication Services |
| Industry: |
Telecommunications Services |
| Dividend Type: |
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| Tax Exempt State: |
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| Maturity Duration: |
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| Market Cap: |
Large Cap |
| Credit Quality: |
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| Mortgage Bond Types: |
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| Bond Type: |
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| Gov't Bond Types: |
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| Reit Type: |
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| Leverage Direction/Factor: |
Inverse (-1) |
| Is Currency Hedged: |
No |
| US or Ex-US: |
Domestic |
