Bringing you live news and features since 2006 

Direxion launches three 2x leveraged ETFs

RELATED TOPICS​

Direxion Investments has launched three leveraged exchange-traded funds (ETFs), which seek to achieve 200 per cent of the daily performance of their respective benchmarks, and have a net expense ratio of 0.60 per cent.

The new ETFs are:
 
Direxion Daily 7-10 Year Treasury Bull 2X Shares (SYTL)
Direxion Daily Small Cap Bull 2X Shares (SMLL)
Direxion Daily Mid Cap Bull 2X Shares (MDLL)
 
"Investors continue to share with us that they are looking for a wider selection of strategies to obtain targeted, leveraged equity-market exposure at a reasonable price, and we are responding to their feedback," says Brian Jacobs, president of Direxion Investments. "These three ETFs are part of our effort to build up our suite of 2X leveraged funds and provide as many options as possible for experienced traders to achieve risk-managed returns regardless of market conditions, or their preferred amount of leverage."
 
Direxion launched the Direxion Daily S&P 500 Bull 2X Shares (SPUU), on 28 May. The ETF seeks to obtain 200 per cent of the daily performance of the S&P 500 Index, and includes a net expense ratio of 0.60 per cent.
 
Like all leveraged ETFs, these Direxion products are intended only for traders with an in-depth understanding of the risks associated with seeking leveraged investment results, and who plan to actively monitor and manage their positions.
 
"We take input from our clients very seriously, and we will continue to develop innovative and cost-efficient alternative strategies that meet their needs," says Jacobs. "Leveraged ETFs can be extremely effective tools for those who take the time to understand their associated risks. We are always on the lookout for ways to maximize the selection of leveraged ETFs and other solutions that challenge old standards."

Latest News

Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..
First Trust has announced the launch of the First Trust Vest U.S. Equity Moderate Buffer UCITS ETF – February GFEB..

Related Articles

Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Thomas Bonville, Clear Street
Just over a year ago, Thomas Bonville joined New York-based, prime brokerage Clear Street as managing director, head of derivative...
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