Bringing you live news and features since 2006 

Direxion Shares adds three times leveraged ETFs based on mid-cap index


Direxion Shares has announced the addition of two new Direxion Shares 3x ETFs to its existing line-up of multi-directional, leveraged funds.

Direxion Shares has announced the addition of two new Direxion Shares 3x ETFs to its existing line-up of multi-directional, leveraged funds.

The new ETFs are leveraged bull and bear index funds that seek 300 per cent of the daily performance, or 300 per cent of the inverse of the daily performance (before fees and expenses), of the Russell MidCap Index.

‘We received such a wonderful response from investors after the launch of our first 14 ETFs last year,’ says Dan O’Neill, Direxion Shares’ president. ‘Trading volume for the products has been quite high, mainly due to the fact that we now offer investors the highest amount of leverage available in the marketplace on the long and the short side. Additionally, the flexibility that these products afford investors can prove quite valuable in these volatile markets.’

The Russell MidCap Index measures the performance of the mid-cap segment of the US equity universe.

A subset of the Russell 1000 Index, the average market capitalization of the index is roughly USD5.2bn.

‘We are excited to strengthen our ETF line up with these two new ETF products,’ adds O’Neill. ‘Offering investors exposure to this index, both long and short, is just another step that we have taken to provide our investors with the tools necessary to seek to effectively manage their portfolios and profit in various markets.’

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by