DPST, WDRW : new 3x leveraged US Regional Banks ETFs by Direxion

Direxion Investments begun trading of 2 new ETFs, the Direxion Daily Regional Banks Bull 3x Shares (NYSE Arca: DPST) and the Direxion Daily Regional Banks Bear 3x Shares (NYSE Arca: WDRW) on Wednesday, August 19, 2015.

 

1.
FUND INFORMATION:

Symbol: DPST   Exchange: NYSE Arca
Name: Direxion Daily Regional Banks Bull 3x Shares       Net Expense Ratio: 0.95%

 

FUND OBJECTIVE:
The Direxion Daily Regional Banks Bull 3x Shares  seeks daily investment results, before fees and expenses, of 300% of the performance of the Solactive U.S. Regional Banks TR Index.

 

2.
FUND INFORMATION:

Symbol: WDRW Exchange: NYSE Arca
Name: Direxion Daily Regional Banks Bear 3x Shares Net Expense Ratio: 0.95%

FUND OBJECTIVE:
The Direxion Daily Regional Banks Bear 3x Shares seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Solactive U.S. Regional Banks TR Index.

 

REFERENCE INDEX:
The Solactive U.S. Regional Banks TR Index attempts to include the 50 largest regional banks in the United States. The Index utilizes each security’s free-float market capitalization to determine the largest regional banks.
Additionally, each selected regional bank must have its primary listing on a regulated stock exchange in the U.S., must have a 3 month average daily trading volume of at least $1 million measured using composite average daily volume across all U.S. exchanges, must have a free-float market capitalization of at least $100 million and must be listed as a regional bank by a financial research firm. Once the 50 largest regional bank securities are determined, the holdings are then equal weighted.
As of August 14, 2015 the Index had a median market capitalization of $3.3 billion and an average market capitalization of $5.3 billion.

 

Index Top 10 Holdings (08/14/2015):

Home BancShares Inc 2.33%
Popular Inc 2.23%
EverBank Financial Corp 2.17%
BankUnited Inc 2.16%
M&T Bank Corp 2.16%
Huntington Bancshares Inc 2.16%
PrivateBancorp Inc 2.14%
Synovus Financial Corp 2.14%
SunTrust  Banks  Inc 2.12%
First Republic Bank 2.12%

 

Index Sector Weightings (08/14/2015):

Regional Banks 94.00%
Thrifts & Mortgage Finance 2.17%
Asset Management & Custody Banks 2.10%
Diversified Banks 1.74%

 

Useful Links
DPST, WDRW Home Page

 

Category: Equities> Regions> USA> US Sectors/Industries> US Financials

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