The six exchange-traded funds (ETFs) track high-profile growth stocks and seek to provide a defined level of income through a rules-based options strategy.

Direxion has launched its new Defined Income Boost ETF range, a suite of six ETFs designed to generate income through covered call strategies on high-volatility, single-stock exposures. The launch extends Direxion's use of derivatives beyond its established leveraged and inverse ETF business The range includes the Direxion NVDA Defined Income Boost ETF (NVIB), TSLA Defined Income Boost ETF (TSIB), GOOGL Defined Income Boost ETF (GOIB), META Defined Income Boost ETF (MEIB), PLTR Defined Incom