##  [# Direxion Debuts Pharma ETF Revamp](/sections/daily-etf-watch/direxion-debuts-pharma-etf-revamp) 

 

# Direxion Debuts Pharma ETF Revamp

 

 

New 3X fund offers leveraged smart-beta exposure to the pharma space.



 

 

 

 

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[By ETF.com Staff](/contributors/etfcom-staff)

 Nov 15, 2017

 Edited by: ETF.com Staff

 

 

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Today Direxion is rolling out an ETF that recycles the ticker on one of its funds that closed earlier this year.

The [Direxion Daily Pharmaceutical &amp; Medical Bull 3X Shares (PILL)](https://www.sec.gov/Archives/edgar/data/1424958/000119312517018182/d306485d485apos.htm#f8802c19-175d-498d-a1c6-69408048a8cb_1) offers 300% exposure to the smart-beta Dynamic Pharmaceutical Intellidex Index, which was also the underlying for PILL’s previous incarnation, and currently serves as the basis for the $656.4 million [PowerShares Dynamic Pharmaceuticals Portfolio (PJP)](https://www.etf.com/pjp).

The [Direxion Daily Pharmaceutical &amp; Medical Bull 2x Shares ETF](https://www.etf.com/pill), which also traded under the ticker “PILL,” shut down at the end of March after nearly two years of trading and little more than $1 million in assets under management.

The new PILL has not only upped the leverage, but also its expense ratio. The new version charges 1.12% versus the original’s 0.94%.

With its latest launch, Direxion has 76 ETFs currently trading and assets under management above $12 billion.

*Contact Heather Bell at <hbell@etf.com>*



 

 

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 Related Topics  [Healthcare](http://www.etf.com/topics/healthcare) 

 [Leveraged](http://www.etf.com/topics/leveraged) 

 [Direxion](http://www.etf.com/topics/direxion) 

 [Dynamic Pharmaceutical Intellidex Index](http://www.etf.com/topics/dynamic-pharmaceutical-intellidex-index)