Features and News

India ETFs Will React To Election

India is in the midst of the largest and most expensive election in history. Here’s what it means for India ETFs.

Daily ETF Watch

Daily ETF Watch: Direxion Closures, Splits

Direxion completes splits on 10 ETFs, closures of three.

Features and News

Direxion Sets Splits On 9 ETFs, Including NUGT

The provider of leveraged and inverse ETFs plans a total of nine regular splits and reverse splits.

ETF Report

 Direxion Switches Last 2x ETFs To 3x

Direxion, best known as a purveyor of leveraged and inverse funds, shifted the level of leverage on all 10 of its remaining double-exposure ETFs to triple exposure, effective Dec. 1. The move was aimed at aligning the funds with the company’s reputation as the premier sponsor of triple-leveraged ETFs.

A company spokesman said the transition was made in response to customer demand and that the funds’ investors, many of whom are high-frequency traders, prefer the increased leverage.

ETF Report

 Direxion Shifts 10 ETFs To 3X Exposure

Direxion is shifting leverage on 10 of its existing ETFs to three times their underlying indexes from two, in a move effective Dec. 1 that’s aimed at aligning the funds with the company’s reputation as the premier sponsor of triple-leveraged ETFs.