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Direxion Energy Bull 2X Shares (P:ERX)

Business Focus: N/A

Get the company report for the most recent outlook updated daily
Apr 01, 2020 08:35 am ET
Change in Investment Objectives and Strategies of Ten Daily Leveraged and Daily Inverse Leveraged Funds
NEW YORK, April 1, 2020 /PRNewswire/ -- The investment objective and strategy of each fund in the table below is to now seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 200% or -200%, as applicable, of the performance of its underlying index, as shown below:
Mar 31, 2020 08:33 am ET
Ten Funds Underexposed at Market Open
NEW YORK, March 31, 2020 /PRNewswire/ -- Due to recent market volatility and related developments, 10 funds will be underexposed to the market today. At market open, each fund will have the following exposure. This reduced exposure is for today, March 31, 2020, only.
Mar 27, 2020 04:42 pm ET
Direxion Expedites the Change in Investment Objectives and Strategies of Ten Daily Leveraged and Daily Inverse Leveraged Funds
NEW YORK, March 27, 2020 /PRNewswire/ -- The investment objective and strategy of each Fund in the table below is currently to seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 300% or -300%, as applicable, of the performance of its underlying index. Effective after market close on March 31, 2020 each Fund's investment objective and strategy will change to seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 200% or -200%, as applicable, of the performance of its underlying index, as shown below:
Mar 20, 2020 04:46 pm ET
Direxion Changes Objectives Of Ten Leveraged Funds To Address Extreme Market Conditions, While Also Closing Eight Funds Due to Limited Interest Since Launch
NEW YORK, March 20, 2020 /PRNewswire/ -- Recent and near unprecedented volatility across global markets, driven by the impact of the COVID-19 pandemic and oil price war, has dramatically increased the explicit and implicit cost of trading in the energy and commodities markets. While volatility will subside at some point, the ability to cost-effectively and efficiently access these markets may remain challenged for some time.