Direxion adds three-times leveraged Treasury funds

The two DirexionShares ETFs provide leveraged bull and bear exposure to the NYSE Arca Current 2-Year US Treasury index and are designed to return 300% of the benchmark's daily performance. The firm says these funds are the only 3x daily leveraged ETFs that provide single-security exposure to the current 2-Year US Treasury note. However, Direxion highlights the ETFs are intended for use by sophisticated investors who are able to actively monitor and manage their positions. For example, advisers and institutional investors use these types of funds to hedge positions in their current ...