Direxion Daily META Bull 2X Shares METU
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Direxion Daily META Bull 2X Shares (METU) Investment Strategy and Portfolio Holdings Overview
The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of META and financial instruments, such as swap agreements and options, that, in combination, provide 2X daily leveraged exposure to META, consistent with the fund’s investment objective. The fund is non-diversified.
Key Insights
Direxion Daily META Bull 2X Shares (METU) Essential ETF Metrics and Performance Data
Latest Closing Price
$46.91Market Cap
$118.30 MillionAverage Daily Volume
1,006,073 Shares52-Week Range
$20.11-$52.12Total Outstanding Shares
3.05 Million SharesCurrent Dividend
$0.25 Per Share QuarterlyInception Date
June 5, 2024