Direxion makes changes to two leveraged ETFs

Jan 31st, 2018 | By | Category: ETF and Index News

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The board of trustees of Direxion Shares ETF Trust has approved changes to the names, tickers and investment adviser of the Direxion Daily S&P 500 Bull 1.25X Shares and the Direxion Daily Small Cap Bull 1.25X Shares.

A name change for Direxion Shares ETF Trust

Direxion makes changes to two leveraged ETFs

The Direxion Daily S&P 500 Bull 1.25X Shares provides 125% of the daily performance of the S&P 500 Index. It has a net expense ratio of 0.34%. 

The Direxion Daily Small Cap Bull 1.25X Shares provides 125% of the daily performance of the S&P Small Cap 600 Index. Its net expense ratio is 0.46%.

As of 15 February 2018, Rafferty Asset Management, the current investment adviser will be replaced with Direxion Advisors, a wholly owned subsidiary of Rafferty. 

On the same day, each fund’s name and ticker will change as shown below. 

Current name Current ticker New name New ticker
Direxion Daily S&P 500 Bull 1.25X Shares LLSP Portfolio+ S&P 500 ETF PPLC
Direxion Daily Small Cap Bull 1.25X Shares LLSC Portfolio+ S&P Small Cap ETF PPSC
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