Direxion Launches Five New Triple Leveraged ETFs

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May 3, 2017 1:45pm NYSE:DFEN

NYSE:DFEN | News, Ratings, and Charts

ETF issuer Direxion today announced the launch of five brand new triple leveraged bull ETFs, four of which target specific sectors, and another targeting a popular emerging market.

Here’s a breakdown of the five new funds, their symbols, underlying benchmarks, and expense ratios:

Fund Symbol CUSIP Benchmark Gross Expense Ratio Net Expense Ratio*
Direxion Daily Aerospace & Defense Bull 3X Shares DFEN 25460E661 Dow Jones U.S. Select Aerospace & Defense Index 1.09% 0.95%
Direxion Daily Industrials Bull 3X Shares DUSL 25460E737 Industrials Select Sector Index 1.09% 0.95%
Direxion Daily MSCI Mexico Bull 3X Shares MEXX 25460E752 MSCI Mexico IMI 25/50 Index 1.10% 0.95%
Direxion Daily Transportation Bull 3X Shares TPOR 25460E679 Dow Jones Transportation AverageTM 1.09% 0.95%
Direxion Daily Utilities Bull 3X Shares UTSL 25460E711 Utilities Select Sector Index 1.02% 0.95%

Direxion commented on the new fund launches via press release:

“With the new administration in Washington comes new policies that have the potential to affect the capital markets landscape,” said Sylvia Jablonski, Managing Director at Direxion. “We aim to provide traders with ways to capitalize on opportunities created by those new policies.”

As always, it’s worth noting that leveraged ETFs are aimed specifically at active traders with high risk tolerance that are able to enter and exit positions relatively quickly. The triple leveraged nature of these new products means that they move at three times the underlying indexes each day.

Once these new funds get some trading history under their belts, we’ll be sure to cover them in more detail and issue SMART Grades for them. For now, you can head to Direxion’s website for more information.

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