Direxion Shares ETF Trust registered 2 new fund series on Form 485APOS, filed 2015-05-27. Featured series: Direxion Daily Homebuilders & Supplies Bull 2X Shares.
| Series | Class | Ticker | New |
|---|---|---|---|
| Direxion Daily Homebuilders Bull 3X Shares | Direxion Daily Homebuilders Bull 3X Shares | NAIL | — |
| Direxion Daily Homebuilders Bear 3X Shares | Direxion Daily Homebuilders Bear 3X Shares | — | — |
| Direxion Daily Homebuilders & Supplies Bull 2X Shares | Direxion Daily Homebuilders Bull 2X Shares | — | Yes |
| Direxion Daily Homebuilders & Supplies Bear 2X Shares | Direxion Daily Homebuilders Bear 2X Shares | — | Yes |
The Fund seeks daily investment results, before fees and expenses, of 200% of the performance of the S&P Homebuilders Select Industry Index. The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange-traded funds. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged investment results, understand the risks associated with the use of leverage and are willing to…