Direxion Daily Concentrated Qs Bear 1X Shares — new fund registration

Direxion Shares ETF Trust registered 3 new fund series on Form 485APOS, filed 2023-12-20. Featured series: Direxion Daily Concentrated Qs Bear 1X Shares.

Registration

Registrant / trust: Direxion Shares ETF Trust
CIK: 0001424958
Form: 485APOS
Filed: 2023-12-20
State of incorporation: DE
Accession: 0001193125-23-299944
Reported net assets: $23.2M

Series & classes (3)

Series	Class	Ticker	New
Direxion Daily Concentrated Qs Bear 1X Shares	Direxion Daily Concentrated Qs Bear 1X Shares	QQQD	Yes
Direxion Daily Concentrated Qs Bull 2X Shares	Direxion Daily Concentrated Qs Bull 2X Shares	QQQU	Yes
Direxion Daily Concentrated Qs Bear 2X Shares	Direxion Daily Concentrated Qs Bear 2X Shares	—	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.00%
Gross expense ratio: 2.28%
Management fee: 0.35%
Net expense ratio: 0.50%
Other expenses: 1.88%

Investment objective

The Fund seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day.

Advisers

RAFFERTY ASSET MANAGEMENT, LLC (Advisor)