Direxion Investments Launches Four Leveraged ETFs For Active Traders

direxion 600X300Direxion Investments announces the launch of four new daily leveraged exchange-traded funds (ETFs).

The Direxion Daily S&P Biotech Bull and Bear 3X Shares (Tickers: LABU/LABD) seek to achieve 300%, or 300% of the inverse, of the daily performance of the S&P Biotechnology Select Industry Index. The Direxion Daily S&P Oil & Gas Exp. & Prod. Bull and Bear 3X Shares (Tickers: GUSH/DRIP) seek to achieve 300%, or 300% of the inverse, of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index.

“The biotech and oil and gas industries have been receiving a great deal of attention from investors and traders over the past 12 months,” said Brian Jacobs, President of Direxion Investments. “We believe that interest in these sectors will continue, with traders eager to seek profit or hedge depending on market movements.”

Fund Symbol CUSIP Benchmark Daily Target Gross ExpenseRatio Expense Cap *
Direxion Daily S&P Biotech Bull 3X Shares LABU 25490K752 S&P Biotechnology Select Industry Index 300% 1.05% .95%
Direxion Daily S&P Biotech Bear 3X Shares LABD 25490K745 S&P Biotechnology Select Industry Index -300% .96% .95%
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares GUSH 25490K737 S&P Oil & Gas Exploration & Production Select Industry Index 300% 1.05% .95%
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares DRIP 25490K729 S&P Oil & Gas Exploration & Production Select Industry Index -300% .96% .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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