Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Portfolio > ETFs

Leveraging Gas, Retail

X
Your article was successfully shared with the contacts you provided.

Direxion Shares has introduced four bull and bear ETFs linked to natural gas and retail stocks. The bull leveraged funds aim for 200 percent of the daily performance of the ISE-Revere Natural Gas Index and the Russell 1000 RGS Retail Index, while the inverse leveraged funds shoot for 200 percent opposite daily performance on the same benchmarks.

The bull leveraged ETFs are:

  • Direxion Daily Retail Bull 2X Shares (NYSEArca: RETL)
  • Direxion Daily Natural Gas Related Bull 2X Shares (NYSEArca: FCGL)
    The bear leveraged ETFs are:
  • Direxion Daily Retail Bear 2X Shares (NYSEArca: RETS)
  • Direxion Daily Natural Gas Related Bear 2X Shares (NYSEArca: FCGS)

“Direxion works to continuously deliver innovative tactical investment solutions that help sophisticated investors take advantage of market opportunities regardless of conditions,” stated Dan O’Neill, Direxion Shares’ president.

The ISE-Revere Natural Gas Index tracks companies that derive a substantial portion of their revenues from the exploration and production of natural gas. The Russell 1000 RGS Retail Index includes constituents of the Russell 1000 Index that are classified within the retail subsector of the Russell Global Sector Scheme.

The new Direxion ETFs charge 0.95 percent in annual expenses.

Direxion 2x and 3x ETFs are used by many traders and investors to hedge positions in their current portfolios, while others use the funds to seek to take advantage of short-term trading opportunities.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.