Direxion MU Defined Income Boost ETF (MUIB)

Direxion MU Defined Income Boost ETF is a single-stock income fund from Direxion tied to Micron Technology, the memory and storage chipmaker. It uses an options-based strategy referencing Micron shares that aims to generate enhanced current income within a defined set of outcomes.

This type of approach typically trades away some of the stock's upside in exchange for option premium income, while retaining exposure to declines. The exact structure is described in the fund's prospectus. Shares trade on Cboe BZX.