AUM $2.4MER 0.99%NAV $29.75Holdings —Inception Jul 2026
Price Chart
Key Statistics
Previous Close
$27.86Day Range
$28.43$28.51
52-Week Range
$22.66$32.16
Avg Volume
610Dividend Yield
—Expense Ratio
0.99%AUM
$2.4MShares Outstanding
80.0KETF Grades
?ETF Grades compare this fund against others in the same category using percentile rankings across six factors. Grades range from A+ (top 5%) to F (bottom 20%). Updated daily.Sector Breakdown
| Sector | Weight % |
|---|---|
| Communication Services | 100.00% |
Fund Information
- Issuer
- Direxion
- Category
- Communication Services
- Inception Date
- Jul 29, 2026
- Description
- MEIB aims to generate high income from the stock volatility of Meta Platforms Inc. (NASDAQ: META). The ETF uses swaps to track an index that systematically writes weekly, out-of-the-money call options on META, targeting a specific annualized distribution rate, distributed twice per month. MEIB adds a daily delta hedging strategy, which adjusts META exposure each trading day to offset the negative delta of the short call position. This approach is designed to allow participation in META's upside price movements. The option strike price selection process is formulaic and recalibrated weekly based on META'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.
Similar ETFs
| Symbol | Name | AUM |
|---|---|---|
| XLC | State Street Communication Services Select Sector SPDR ETF | $23.47B |
| SRLN | State Street Blackstone Senior Loan ETF | $5.38B |
| SJNK | State Street SPDR Bloomberg Short Term High Yield Bond ETF | $4.37B |
| FCOM | Fidelity MSCI Communication Services Index ETF | $1.78B |
| HYS | PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | $1.73B |
The Direxion Shares ETF Trust - Direxion META Defined Income Boost ETF (MEIB) is an exchange-traded fund issued by Direxion that launched on Jul 29, 2026. It currently manages $2.4M in assets under management. The fund charges an expense ratio of 0.99%. It falls under the Communication Services category.
Top 10 holdings represent 100.0% of the fund
| Rank | Symbol | Name | Weight % | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | — | METACW SWAP ASSET LEG | 33.31% | 38,406 | $2.3M |
| 2 | — | META SWAP ASSET LEG | 30.60% | 2,930 | $2.2M |
| 3 | — | DREYFUS TRSRY SECURITIES CASH MGMT | 21.95% | 1,548,532 | $1.5M |
| 4 | — | DREYFUS GOVT CASH MAN INS | 10.54% | 743,379 | $743K |
| 5 | META | META PLATFORMS INC-CLASS A | 3.43% | 328 | $242K |
| 6 | — | RECV META ASSET SWAP | 0.17% | 16 | $12K |
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | +2.06% | |
| 1W | -6.32% | |
| 1M | -7.79% | |
| 3M | +14.06% | |
| 6M | +14.06% | |
| YTD | +14.06% | |
| 1Y | +14.06% | |
| 3Y | +14.06% | |
| 5Y | +14.06% |
Moving Averages
20-Day MA
$29.76
Below 20-Day MA50-Day MA
$27.33
Above 50-Day MA200-Day MA
$26.86
Above 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$32.16
Current Price
$28.43
52-Week Low
$22.66
$22.66$32.16
Current Yield
—
Annual Dividend
—
Frequency
—
Last Ex-Date
—
Dividends
No dividend data available for this ETF.
Category Comparison
| Metric | MEIB | Communication Services(65 ETFs) |
|---|---|---|
| Fund Info | ||
| Expense Ratio | 0.99% | 0.82% |
| AUM | $2.4M | $695.3M |
| Dividend Yield | — | 5.04% |
| Avg Volume | 610 | 390.3K |
| Holdings | — | 89 |
| Performance | ||
| 1-Month Return | -7.79% | -3.85% |
| 6-Month Return | — | +3.79% |
| YTD Return | — | +91.19% |
| 1-Year Return | — | +61.55% |
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