Direxion Shares has introduced four bull and bear ETFs linked to natural gas and retail stocks. The bull leveraged funds aim for 200 percent of the daily performance of the ISE-Revere Natural Gas Index and the Russell 1000 RGS Retail Index, while the inverse leveraged funds shoot for 200 percent opposite daily performance on the same benchmarks.
The bull leveraged ETFs are:
- Direxion Daily Retail Bull 2X Shares (NYSEArca: RETL)
- Direxion Daily Natural Gas Related Bull 2X Shares (NYSEArca: FCGL)
The bear leveraged ETFs are: - Direxion Daily Retail Bear 2X Shares (NYSEArca: RETS)
- Direxion Daily Natural Gas Related Bear 2X Shares (NYSEArca: FCGS)
"Direxion works to continuously deliver innovative tactical investment solutions that help sophisticated investors take advantage of market opportunities regardless of conditions," stated Dan O'Neill, Direxion Shares' president.
The ISE-Revere Natural Gas Index tracks companies that derive a substantial portion of their revenues from the exploration and production of natural gas. The Russell 1000 RGS Retail Index includes constituents of the Russell 1000 Index that are classified within the retail subsector of the Russell Global Sector Scheme.
