Direxion, begun trading 5 new triple leveraged bull ETFs, four of which target specific sectors, and another targeting a popular emerging market, on Wednesday, May 3, 2017.
Here’s a breakdown of the 5 new funds, their symbols, underlying benchmarks, and expense ratios:
Fund Name |
Symbol |
Benchmark |
Net Expense Ratio |
Home Page |
| Direxion Daily Aerospace & Defense Bull 3x Shares | DFEN | Dow Jones U.S. Select Aerospace & Defense Index | 0.95% | info |
| Direxion Daily Industrials Bull 3x Shares | DUSL | Industrials Select Sector Index | 0.95% | info |
| Direxion Daily MSCI Mexico Bull 3x Shares | MEXX | MSCI Mexico IMI 25/50 Index | 0.95% | info |
| Direxion Daily Transportation Bull 3x Shares | TPOR | Dow Jones Transportation Average | 0.95% | info |
| Direxion Daily Utilities Bull 3x Shares | UTSL | Utilities Select Sector Index | 0.95% | info |
Direxion commented on the new fund launches via press release:
“With the new administration in Washington comes new policies that have the potential to affect the capital markets landscape,” said Sylvia Jablonski, Managing Director at Direxion. “We aim to provide traders with ways to capitalize on opportunities created by those new policies.”