Direxion Launches Four New 3X Leveraged ETFs

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August 19, 2015 3:40pm FUND LAUNCH NYSE:CLAW

direxion_logoNew ETFs Provide 3X Bull and Bear Exposure to Home Builders and Regional Banks. 


Direxion Investments announced today the launch of four new leveraged exchange-traded funds (ETFs).

The Direxion Homebuilders & Supplies Bull and Bear 3X Shares (Tickers: NAIL/CLAW) seek to achieve 300% and 300% of the inverse, respectively, of the daily performance of the Dow Jones U.S. Select Home Construction Index. The Direxion Daily Regional Banks Bull and Bear 3X Shares (Tickers: DPST/WDRW) seek to achieve 300% and 300% of the inverse, respectively, of the daily performance of the Solactive U.S. Regional Bank TR Index.

“Our interaction with clients tells us that there is significant interest among investors for trading in the home construction and regional bank sectors,” said Sylvia Jablonski, Managing Director at Direxion. “These leveraged ETFs allow traders to express a bold point of view on these sectors, in either direction, at a time when the markets are digesting significantly changing dynamics for interest rates, growth and international developments.”

Fund

Symbol

CUSIP

Benchmark

Daily Target

Gross Expense

Ratio

Net Expense Ratio*

Direxion Daily Homebuilders & Supplies Bull 3X Shares

NAIL

25490K596

Dow Jones U.S. Select Home Construction Index

300%

1.05%

.95%

Direxion Daily Homebuilders & Supplies Bear 3X Shares

CLAW

25490K588

Dow Jones U.S. Select Home Construction Index

-300%

.96%

.95%

Direxion Daily Regional Banks Bull 3X Shares

DPST

25459Y132

Solactive U.S. Regional Bank TR Index

300%

1.08%

.95%

Direxion Daily Regional Banks Bear 3X Shares

WDRW

25459Y124

Solactive U.S. Regional Bank TR Index

-300%

1.10%

.95%

Like all leveraged ETFs, these Direxion products are intended only for investors with an in-depth understanding of the risks associated with seeking leveraged investment results, and who plan to actively monitor and manage their positions. There is no guarantee that the Funds will meet their objectives.


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