(METU) Direxion Daily META Bull 2X - Ratings and Ratios

The Direxion Daily META Bull 2X Shares (NASDAQ:METU) is a leveraged exchange-traded fund (ETF) designed to provide 2X daily returns of META (formerly Facebook). The fund achieves this by investing at least 80% of its net assets in META securities and related financial instruments, such as swap agreements and options. This structure allows the fund to amplify daily price movements of META, making it a tool for short-term trading rather than long-term investing. The fund is non-diversified, meaning it concentrates its holdings in a single issuer, which can increase volatility and risk.

As of the latest data, METU has an average 20-day volume of 524,995 shares, indicating moderate liquidity. The funds last price was 40.52, with key moving averages at SMA20 (45.41), SMA50 (40.94), and SMA200 (33.07). The Average True Range (ATR) of 2.59 reflects its volatility. Support levels are identified at 34.7, 30.9, 28.4, and 25.7, which could act as potential price floors if the funds value declines.

With assets under management (AUM) of $62.33 million, METU is a smaller leveraged ETF. Its performance is tightly linked to METAs stock price and broader market sentiment toward the technology sector. The funds use of derivatives introduces additional risks, including daily rebalancing and potential deviations from its 2X target during periods of high volatility.