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Direxion modifies eight exchange-traded funds

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Direxion, a provider of alternative investment solutions, has changed the benchmark indices of eight leveraged and inverse exchange-traded funds, along with other adjustments.



The eight ETFs undergoing changes are: Direxion Daily Large Cap Bull 3X Shares, Direxion Daily Large Cap Bear 3X Shares, Direxion Daily Mid Cap Bull 3X Shares, Direxion Daily Mid Cap Bear 3X Shares, Direxion Daily Technology Bull 3X Shares, Direxion Daily Technology Bear 3X Shares, Direxion Daily Energy Bull 3X Shares and Direxion Daily Energy Bear 3X Shares.

The modifications took effect on or about 29 June 2012.

Two of the ETFs also underwent 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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