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The Direxion MU Defined Income Boost ETF (the "Fund") seeks investment results, before fees and expenses, that track the Cboe MU 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 Micron Technology, Inc. (NASDAQ: MU)) 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%. Micron Technology, Inc. is a semiconductor company that produces computer memory and computer data storage, including dynamic random-access memory, flash memory, and USB flash drives. The Index is constructed such that at the end of each week (generally Friday), an out-of-the-money call option on MU 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 Mu Defined Income Boost ETF trades on the BATS stock market under the symbol MUIB.
As of August 28, 2026, MUIB stock price declined to $28.40 with 1,344 million shares trading.
MUIB has a market cap of $2.56 million. This is considered a Sub-Micro Cap stock.
MUIB support price is $26.79 and resistance is $30.06 (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 MUIB shares will trade within this expected range on the day.
