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