Direxion launches six single-stock income ETFs

Direxion launched six Defined Income Boost ETFs on July 29, 2026. Each fund sells call options on a single underlying stock while holding long positions in that same company. The funds are listed in the United States and cover Alphabet (GOOGL), Meta Platforms (META), Nvidia (NVDA), Tesla (TSLA), Micron (MU) and Palantir (PLTR).

The suite includes the Direxion GOOGL Defined Income Boost ETF (GOIB), Direxion META Defined Income Boost ETF (MEIB), Direxion NVDA Defined Income Boost ETF (NVIB), Direxion TSLA Defined Income Boost ETF (TSIB), Direxion MU Defined Income Boost ETF (MUIB) and Direxion PLTR Defined Income Boost ETF (PLIB).

Each ETF aims to produce income by selling covered calls on its underlying stock to collect option premiums. The funds keep long shares of the same stock to retain equity exposure and reduce sensitivity to price declines. Selling calls generates regular cash flow but can limit upside above the option strike price.

Direxion set a target of 20% annualized income and operates the funds with a rules-based options program intended to align option positions with the targeted shares. After a fee waiver the funds carry a net expense ratio of 0.97%.

Mo Sparks, chief product officer at Direxion, described the objective as: “The goal is to pursue a meaningful defined level of income (20% annualized) while aiming to keep each fund’s behavior more closely aligned with the stock it targets. For individual investors and advisors, that means access to a sophisticated, rules-based options strategy in a single ETF trade.”

Direxion positioned four of the launches around large-cap growth names — Alphabet, Meta, Nvidia and Tesla — and added funds for Micron and Palantir. The firm indicated the funds can serve investors and advisors seeking concentrated exposure to familiar technology and growth stocks with an income overlay and option-based risk management.

Direxion offers more than 120 U.S.-listed ETFs. One of its largest funds, the Direxion Daily Semiconductor Bull 3X ETF (SOXL), manages over $19 billion in assets. The new Defined Income Boost ETFs add single-stock, income-focused option strategies under single tickers.