Due to an inability to attract sufficient investor interest, DirexionShares, acting on the advice of Rafferty Asset Management, has decided to close 9 of its leveraged funds. The funds it will be closing are:
Direxion Daily Agribusiness Bull 3X Shares (COWL)
Direxion Daily Agribusiness Bear 3X Shares (COWS)
Direxion Daily Basic Materials Bear 3X Shares (MATS)
Direxion Daily BRIC Bull 3X Shares (BRIL)
Direxion Daily BRIC Bear 3X Shares (BRIS)
Direxion Daily Healthcare Bear 3X Shares (SICK)
Direxion Daily India Bear 3X Shares (INDZ)
Direxion Daily Latin America Bear 3X Shares (LHB)
Direxion Daily Retail Bear 3X Shares (RETS)
The funds' shares will cease to be traded on the NYSE Arca exchange effective September 5th 2012.