DZK(+3) vs DPK(-3) - Direxion Daily Developed Markets

NEW YORK — March 20, 2020— Due to the their inability to attract sufficient investment assets, the Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and close eight ETFs (each, a “Fund” and collectively, the “Funds”), based on the recommendation of the Funds’ adviser, Rafferty Asset Management, LLC (“Rafferty”). Rafferty believes they cannot continue to operate the Funds in an economically efficient manner. As a result, the Board concluded that liquidating and closing the Funds would be in the best interest of the Funds and their shareholders.

 

The Funds closing are as follows:

Fund	Ticker
Direxion Daily Russia Bear 3X Shares	RUSS
Direxion Daily Natural Gas Related Bull 3X Shares	GASL
Direxion Daily Natural Gas Related Bear 3X Shares	GASX
Direxion Daily MSCI Developed Markets Bear 3X Share	DPK
Direxion Daily Mid Cap Bear 3X Shares	MIDZ
Direxion Daily Regional Banks Bear 3X Shares	WDRW
Direxion Daily MSCI European Financials Bull 2X Shares	EUFL
Direxion Daily Total Bond Market Bear 1X Shares	SAGG

 

 

DZK : Direxion Daily MSCI Developed Markets Bull 3X Shares 

The Direxion Daily MSCI Developed Markets Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the MSCI EAFE® Index.  There is no guarantee that the fund will meet its stated investment objective.

This leveraged ETF seeks a return that is 300% of the return of its benchmark index for a single day. The fund should not be expected to provide three times the return of the benchmark’s cumulative return for periods greater than a day.

 

 

 

DPK : Direxion Daily Developed Markets Bear 3x Shares ETF

Funds' Exposure will be reduced from 300% to 200%

NEW YORK, March 20, 2020 /PRNewswire/ -- Recent and near unprecedented volatility across global markets, driven by the impact of the COVID-19 pandemic and oil price war, has dramatically increased the explicit and implicit cost of trading in the energy and commodities markets. While volatility will subside at some point, the ability to cost-effectively and efficiently access these markets may remain challenged for some time.

In consideration of the best interests of shareholders, the Board of Trustees of the Direxion Shares ETF Trust has approved changes to the names, investment objectives, and investment strategies of 10 leveraged ETFs (each, a "Fund" and collectively, the "Funds"), based on the recommendation of the Funds' adviser, Rafferty Asset Management, LLC.

Effective May 19, 2020, each of the Funds' names will be changed as follows:

Current Fund Name	New Fund Name	Ticker
Direxion Daily MSCI Brazil Bull 3X Shares	Direxion Daily MSCI Brazil Bull 2X Shares	BRZU
Direxion Daily Russia Bull 3X Shares	Direxion Daily Russia Bull 2X Shares	RUSL
Direxion Daily Gold Miners Index Bull 3X Shares	Direxion Daily Gold Miners Index Bull 2X Shares	NUGT
Direxion Daily Gold Miners Index Bear 3X Shares	Direxion Daily Gold Miners Index Bear 2X Shares	DUST
Direxion Daily Junior Gold Miners Index Bull 3X Shares	Direxion Daily Junior Gold Miners Index Bull 2X Shares	JNUG
Direxion Daily Junior Gold Miners Index Bear 3X Shares	Direxion Daily Junior Gold Miners Index Bear 2X Shares	JDST
Direxion Daily Energy Bull 3X Shares	Direxion Daily Energy Bull 2X Shares	ERX
Direxion Daily Energy Bear 3X Shares	Direxion Daily Energy Bear 2X Shares	ERY
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares	Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares	GUSH
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares	DRIP