Direxion Funds Has a Hit

The Wall Street Journal’s Ian Salisbury is reporting that the recent launch of Direxion’s 300% leveraged ETFs are a hit.

In the article ETFs that Magnify are Warm, Salisbury notes that in a little more than two months, Direxion’s family of leveraged ETFs have attracted hundreds of millions of dollars of assets and trade millions of shares a day.

Direxion recently introduced the Mid Cap Bear 3x Shares (MWN) and Mid Cap Bull 3x Shares (MWJ). Both funds provide a leveraged return relative to the daily results of the Russell 1000 index.

See the ETF Directory for a complete listing of Direxion ETFs.

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