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Direxion Introduces Six New Leveraged ETFs

Direxion Introduces Six New Leveraged ETFs

Direxion Introduces Six New Leveraged ETFs
About: Direxion, Direxion ETFs, leveraged ETFs, Bank of New York Mellon BRIC ADR Index, Direxion Daily BRIC Bear 2x Shares, Direxion Daily BRIC Bull 2x Shares, Direxion Daily India Bull and Bear 2x Shares, Direxion Daily Semiconductor Bull and Bear 3x Shares, PHLX Semiconductor Index Bookmark and Share
Direxion, one of the top issuers of leveraged ETFs, is introducing six more leveraged ETFs to investors on Thursday. Two of the ETFs will be two-times leveraged plays on the Bank of New York Mellon BRIC ADR Index. The Direxion Daily BRIC Bear 2x Shares is the bearish fund and will trade under the ticker “BRIS.” The bullish equivalent is the Direxion Daily BRIC Bull 2x Shares, which will trade under the ticker “BRIL.”
The total number India-specific ETFs available to U.S. investors will get a boost as Direxion is introducing the Direxion Daily India Bull and Bear 2x Shares. The bullish ETF will trade under the ticker “INDL” and the bearish ETF will have the ticker “INDZ.” These ETFs will track the Indus India Index.
The tech sector is the next stop for the new Direxion ETFs with the debut of the Direxion Daily Semiconductor Bull and Bear 3x Shares. These are tripled leveraged ETFs and the bullish ETF will trade under the ticker “SOXL” and the bearish equivalent will trade under the ticker “SOXS.” They will track the PHLX Semiconductor Index.

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Disclosure: no positions
Stocks: SOXL, INDZ, BRIL, SOXS, INDL