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METD

Direxion Shares ETF Trust

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Meta Platforms Inc (NASDAQ:META) faces mixed sentiments as Wolfe Research gives it an Outperform rating with a $620 price target, while concerns about its ad business and earnings surprises persist. Direxion's METU and METD ETFs allow traders to leverage or inverse trade META stock, with recent market volatility impacting their performance.

Portfolio Pulse from Joshenomoto@benzinga.com

July 18, 2024 | 12:11 pm

Direxion has launched two new ETFs, Direxion Daily META Bull 2X Shares (NASDAQ:METU) and Direxion Daily META Bear 1X Shares (NASDAQ:METD), to capitalize on Meta Platforms Inc's (NASDAQ:META) growth in AI and the metaverse. These ETFs are designed for short-term trading and require daily monitoring.

Portfolio Pulse from Surbhi Jain

June 18, 2024 | 12:02 pm

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