Direxion Daily META Bull 2X ETF Price & Performance (METU)

Simplify Asset Management Inc. has acquired 182,122 shares of Direxion Daily TSLA Bull 2X Shares, valued at $5.01 million. This makes TSLL the 24th largest position in its portfolio. The fund's activity reflects the growing interest in leveraged ETFs tied to major tech companies.1

Short interest in Direxion Daily META Bull 2X Shares rose by 71% in February, reaching 294,400 shares. The ETF's growing short positions highlight investor caution amid market volatility, despite its leveraged exposure to Meta Platforms' stock performance.2

Leveraged ETFs, now comprising 8% of ETF assets, continue to attract retail investors. While these funds offer amplified returns on stocks like Nvidia and Tesla, experts warn about their high risks and short-term suitability. Proper understanding of daily leverage and resets is crucial for investors.3