Direxion Changes the Name, Ticker and Advisor of Two ETFs
Summary
Founded in 1997, the company has approximately $13.4 billion in assets under management as of December 31, 2017.Direxions diverse suite of products helps investors navigate todays ever-changing markets.The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time.Each Fund does not attempt to, and should not be expected to, provide returns which are 1.25 times the performance of its underlying index for periods other than a single day.Related Links NEW YORK, Jan. 31, 2018 /PRNewswire/ -- The Board of Trustees of the Direxion Shares ETF Trust ("Trust") has approved changes to the names, tickers and investment advisor of the Direxion Daily S&P 500 ® Bull 1.25X Shares and the Direxion Daily Small Cap Bull 1.25X Shares (each a "Fund," and collectively, the "Funds").