Direxion Announces Modifications To 8 ETFs (BGU, BGZ, MWJ, MWN, TYH, TYP, ERX, ERY)

Direxion, a leader in alternative investment solutions, announces changes to the benchmark indices of eight leveraged and inverse exchange-traded funds (ETFs), along with other changes. The modifications will take effect on or about June 29, 2012.

The changes are summarized as follows:

Fund Name

Current Ticker

New Ticker

Current Index

New Index

Direxion Daily Large Cap Bull 3X Shares BGU SPXL Russell 1000 Index S&P 500® Index
Direxion Daily Large Cap Bear 3X Shares BGZ SPXS Russell 1000 Index S&P 500® Index
Direxion Daily Mid Cap Bull 3X Shares MWJ MIDU Russell Mid Cap Index S&P Mid Cap 400®  Index
Direxion Daily Mid Cap Bear 3X Shares MWN MIDZ Russell Mid Cap Index S&P Mid Cap 400®  Index
Direxion Daily Technology Bull 3X Shares TYH TECL Russell 1000 Technology Index Technology Select Sector Index
Direxion Daily Technology Bear 3X Shares TYP TECS Russell 1000 Technology Index Technology Select Sector Index
Direxion Daily Energy Bull 3X Shares ERX No Change Russell 1000 Energy Index Energy Select Sector Index
Direxion Daily Energy Bear 3X Shares ERY No Change Russell 1000 Energy Index Energy Select Sector Index

In addition, 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.

“We are very pleased to expand our relationship with Standard & Poor’s, whose market indices have long been among the leaders in the industry,” said Dan O’Neill, Direxion’s President and Chief Investment Officer. “We feel that these S&P indices provide our investors with the most recognizable exposure to these underlying markets.”

Tickers noted: Direxion Daily Large Cap Bull 3X Shares (NYSEARCA:BGU), Direxion Daily Large Cap Bear 3X Shares (NYSEARCA:BGZ), Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MWJ), Direxion Daily Mid Cap Bear 3X Shares (NYSEARCA:MWN), Direxion Daily Technology Bull 3X Shares (NYSEARCA:TYH), Direxion Daily Technology Bear 3X Shares (NYSEARCA:TYP), Direxion Daily Energy Bull 3X Shares (NYSEARCA:ERX), Direxion Daily Energy Bear 3X Shares (NYSEARCA:ERY).

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