Direxion has filed with the Securities and Exchange Commission for a range of four leveraged ETFs tracking the US market and semiconductor sector.
The range comprises three times leveraged bull and bear funds tracking the S&P 500 and the PHLX Semiconductor Sector indices. The Direxion Daily S&P 500 Bull 3x Shares fund aims to return three times the daily performance of the underlying index, while the equivalent bull fund delivers three times the daily inverse performance. The Direxion Daily Semiconductor Bull 3x Shares is designed to return three times the daily performance of the underlying index, and the equivalent bull fund aims to return three times the daily inverse performance. Direxion warns in the filing that if the u...
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