In an exclusive interview with Benzinga,Ed Egilinsky, managing director and head of Sales and Distribution & Alternatives at Direxion, talked about theDirexion Daily META Bull 2X Shares(NASDAQ:METU) andDirexion Daily META Bear 1X Shares(NASDAQ:METD). These ETFs seek to address the growing demand among traders for leveraged and inverse single stock ETFs.

Egilinsky said that the inclusion ofMeta Platforms Inc (NASDAQ:META) in their lineup was a natural progression, give that "META was the sole omission of the Mag 7 within our leveraged and inverse single stock lineup." Meta's prominence in the AI movement and its frequent...