Big changes are coming to the Direxion Shares ETF lineup: The company's Board of Trustees approved realignment to the names and investment strategies for 10 leveraged funds.
The funds' new investment objectives will seek daily results, before fees and expenses, of 300% leverage or 300% inverse performance of the fund's target index. The funds previously sought daily results of 200% or 200% inverse.
The increase in daily leverage took place on December 1 and apply to the Direxion funds outlined in the accompanying chart.
