Newest Direxion ETFs to be Serviced by BNY Mellon
Direxion Funds, one of the leading issuers of leveraged ETFs, has chosen BNY Mellon to provide ETF services for its nine most recently launched ETFs. Eight of the nine new ETFs are designed to leverage 300% of the daily performance (or 300% of the inverse) of the Agribusiness, Russian, Materials and Healthcare industries. The final [...]
Direxion Adds Five New Leveraged ETFs to its Lineup
Direxion Funds, one of the leading issuers of leveraged ETFs, has expanded its lineup with the launch of five new funds. Four of the five new ETFs are designed to leverage 300% of the daily performance (or 300% of the inverse) of the Materials and Healthcare industries, which are both said to be currently trading [...]
Direxion Introduces Four New Leveraged ETFs
Direxion, the ETF issuer known for its bull and bear leveraged funds, has just launched another four ETFs with double exposure. The new ETFs will provide long and short access to both the retail and natural gas industries. The following are the four recently launched funds: 1. Direxion Daily Retail Bull 2X Shares (RETL) 2. [...]
Direxion Skirts SEC Hold to File 36 Funds
Planning for the future, Direxion has filed with the SEC to create 36 new funds. 34 of these will be bullish and bearish triple leveraged funds, all pending during the heat of a SEC review. Following the popularity of geographically centered ETFs, many of the new funds will be leveraged around a portfolio of stocks [...]
ProShares’ Reverse Split Breathes Life into 9 ETFs
It is no secret on Wall Street that leveraged and short funds eventually go to $0, but ProShares hopes a reverse split can bring nine of its funds back from the dead. ProShares will enact a reverse split after the closing bell on April 14, hoping to breathe some life into nine plummeting funds. The [...]
ProShares Files for Five Leveraged Inverse ETFs
ProShares has filed with the SEC to create five new leveraged or inverse funds, expanding the already largest lineup of leveraged products by any one issuer. The new funds tackle popular sectors such as China, bio-tech, basic materials and real estate. The five new funds are: 1. Short FTSE/Xinhua China (YXI) 2. Ultra Nasdaq Biotechnology [...]
ProShares Unveils 16 Triple-Threat ETFs
In furthering its hold in the niche market, ProShares has filed to create 16 new exchange-traded funds, all of which will be triple leveraged. The funds look to be a threat to Direxion, another fund company which has competed directly with ProShares for the leveraged space. The 16 new funds are as follows: 1. UltraPro [...]
Treasury ETF Traders Prepare for Record Week
Volume on US Treasury ETFs grew 10% higher than the average as investors took bets on how this week’s record issuance would be received by investors. The Treasury will auction a record of $118 billion in debt this week alone. Today, the US Treasury auctioned $44 billion worth of two-year notes to strong bidding from [...]
Direxion Hedges Bets on Four New Leveraged Funds
Despite the CTFC-inspired closure of the Direxion 3x Oil ETF Fund (DXO), Direxion is still planning to introduce additional leveraged products. The four new funds, however, will avoid the questionable commodities sectors and instead look for more traditional ETF plays. The following are the four proposed funds: 1. Direxion Daily S&P 500 Bull 3x Shares [...]
September Sentiment: Anti-Dollar ETFs Surge
Close inspection into September’s ETF inflows suggests that investors are concerned about inflation. The top exchange-traded funds were anti-dollar and anti-US stocks. SPDR Gold Shares (GLD: Quote, Profile, Advanced Chart, News) raked in an astounding $2 billion, followed by iShares Barclay TIPS fund (TIP: Quote, Profile, Advanced Chart, News) at $847 million. Emerging market funds [...]
