AUM $2.5MER 0.99%NAV $27.94Holdings —Inception Jul 2026
Price Chart
Key Statistics
Previous Close
$26.97Day Range
$27.38$27.38
52-Week Range
$25.00$33.31
Avg Volume
1.6KDividend Yield
—Expense Ratio
0.99%AUM
$2.5MShares Outstanding
90.0KETF 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 % |
|---|---|
| Technology | 100.00% |
Fund Information
- Issuer
- Direxion
- Category
- Technology
- Inception Date
- Jul 29, 2026
- Description
- MUIB aims to generate high income from the stock volatility of Micron Technology, Inc. (NASDAQ: MU). The ETF uses swaps to track an index that systematically writes weekly, out-of-the-money call options on MU, targeting a specific annualized distribution rate, distributed twice per month. MUIB adds a daily delta hedging strategy, which adjusts MU exposure each trading day to offset the negative delta of the short call position. This approach is designed to allow participation in MU's upside price movements. The option strike price selection process is formulaic and recalibrated weekly based on MU'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
The Direxion Shares ETF Trust - Direxion MU Defined Income Boost ETF (MUIB) is an exchange-traded fund issued by Direxion that launched on Jul 29, 2026. It currently manages $2.5M in assets under management. The fund charges an expense ratio of 0.99%. It falls under the Technology category.
Top 10 holdings represent 100.0% of the fund
| Rank | Symbol | Name | Weight % | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | — | MUCW SWAP ASSET LEG | 38.34% | 42,397 | $3.0M |
| 2 | — | MU SWAP ASSET LEG | 29.05% | 2,432 | $2.3M |
| 3 | — | DREYFUS TRSRY SECURITIES CASH MGMT | 22.70% | 1,770,249 | $1.8M |
| 4 | — | DREYFUS GOVT CASH MAN INS | 6.39% | 498,456 | $498K |
| 5 | MU | MICRON TECHNOLOGY INC | 2.99% | 250 | $233K |
| 6 | — | RECV MU ASSET SWAP | 0.54% | 45 | $42K |
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | +1.50% | |
| 1W | -0.63% | |
| 1M | -16.96% | |
| 3M | +10.27% | |
| 6M | +10.27% | |
| YTD | +10.27% | |
| 1Y | +10.27% | |
| 3Y | +10.27% | |
| 5Y | +10.27% |
Moving Averages
20-Day MA
$30.58
Below 20-Day MA50-Day MA
$30.03
Below 50-Day MA200-Day MA
$29.45
Below 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$33.31
Current Price
$27.38
52-Week Low
$25.00
$25.00$33.31
Current Yield
—
Annual Dividend
—
Frequency
—
Last Ex-Date
—
Dividends
No dividend data available for this ETF.
Category Comparison
| Metric | MUIB | Technology(1582 ETFs) |
|---|---|---|
| Fund Info | ||
| Expense Ratio | 0.99% | 0.63% |
| AUM | $2.5M | $6.38B |
| Dividend Yield | — | 2.97% |
| Avg Volume | 1.6K | 496.8K |
| Holdings | — | 193 |
| Performance | ||
| 1-Month Return | -16.96% | -2.31% |
| 6-Month Return | — | +3.15% |
| YTD Return | — | +12.28% |
| 1-Year Return | — | +9.49% |
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