Direxion META Defined Income Boost ETF (MEIB)

The Direxion META Defined Income Boost ETF is a single-stock income fund from Direxion that is linked to Meta Platforms, the parent of Facebook, Instagram and WhatsApp. It combines exposure related to Meta's share price with an options-based approach designed to generate income for shareholders.

Under its defined-income design, the fund's options positions trade away some of the stock's potential upside or alter its risk profile in exchange for option premium. The fund does not invest in a diversified portfolio, so its results are driven by a single company's stock.