METU +2x Direxion Shares ETF Trust Direxion Daily META Bull 2X ETF

BULL ETF standard · Issuer Direxion · Tracks META · Listed 2024-06-05

Quote & options All leveraged ETFs

Implied AUM

$469.9M

shares out × price

Last close

$30.66

20261001

30-day avg volume

6,565,849

options listed →

METU realized

—

what holders actually earned

Theoretical +2x

—

+2x × META's return

Decay gap

—

realized minus theoretical

Realized vs theoretical +2x META

Cumulative return of METU against a clean +2x of META's return over the same window; the red line (right axis) is the gap between them.

Pair counterpart: METQ (-2x bear, Tradr 2X Short META Daily ETF)

Shorting both legs of a daily-reset bull/bear pair captures their combined decay over time. It isn't free money — the edge depends on borrow rates (often punitive on the bear leg) and assignment risk on hard-to-borrow shares.

Other leveraged products on META

Symbol	Factor	Direction	Issuer	Name	Implied AUM	30d volume	Options
FBL	+2x	BULL	GraniteShares	GraniteShares ETF Trust GraniteShares 2x Long META Daily ETF	$182.1M	1,186,487	✓
METG	+2x	BULL	Leverage Shares	Leverage Shares 2X Long META Daily ETF	—	42,068
METQ	-2x	BEAR	Tradr	Tradr 2X Short META Daily ETF	—	405,081

How METU works

METU targets +2x the daily return of META — not the return over longer windows. It rebalances every day, so over weeks and months its result drifts away from +2x × the index, usually downward when the market chops around.

The maths: the drag is roughly −½ × N × (N−1) × σ² per period (N = leverage, σ = the index's volatility). For a +2x fund on an index with 25% annual volatility that is several percent a year before fees — the red line above is that drag measured.

Short-term trades (a day or a few) are what these funds are built for. Premium sellers like their rich option IV — see the quote page. Multi-day directional bets work in strong trends and get eaten in chop.

Not investment advice.