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Direxion announces modifications to eight ETFs

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Direxion, a leader in alternative investment solutions, is making changes to the benchmark indices of eight leveraged and inverse exchange-traded funds (ETFs), along with other adjustments.

The eight ETFs undergoing changes are: Direxion Daily Large Cap Bull 3X Shares (BGU), Direxion Daily Large Cap Bear 3X Shares (BGZ), Direxion Daily Mid Cap Bull 3X Shares (MWJ), Direxion Daily Mid Cap Bear 3X Shares (MWN), Direxion Daily Technology Bull 3X Shares (TYH), Direxion Daily Technology Bear 3X Shares (TYP), Direxion Daily Energy Bull 3X Shares (ERX) and Direxion Daily Energy Bear 3X Shares (ERY).

The modifications will take effect on or about 29 June, 2012.

Two of the ETFs will also undergo name changes. Direxion Daily Large Cap Bull 3X Shares will be renamed Direxion Daily S&P 500 Bull 3X Shares, and Direxion Daily Large Cap Bear 3X Shares will be renamed Direxion Daily S&P 500 Bear 3X Shares. Additionally, The tickers of six of these funds will be changed.

 

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