Directional Change Index for Leveraged and Transport ETFs

Index changes take effect August 1, 2022

NEW YORK, June 2, 2022 /PRNewswire/ — Direction (, a leading provider of leveraged, inverse and thematic ETFs, announced that it is changing the underlying index and investment objective of each Direxion Daily Financial Bull 3X stock (ticker : FAS), Direxion Daily Financial Bear 3X Shares (symbol: FAZ) and Direxion Daily Transportation Bull 3X shares (symbol: TPOR). With these changes to the index, the funds will offer traders more focused exposure to the financial sector and the transportation industry, respectively. On or around August 1, 2022, the underlying index of each fund will change as shown in the table below:

All of Direxion’s leveraged and inverse ETFs are intended only for investors who have a thorough understanding of the risks associated with seeking leveraged investment results and who plan to actively monitor and manage their positions. There can be no assurance that these ETFs will achieve their objective. Please visit the Direxion Leveraged and Inverse ETF Education Centerwhere you’ll find educational brochures, videos and a self-paced online course to help you understand if leveraged ETFs are right for you.

About Direxion:

Direxion equips conviction-driven investors with purpose-built ETF solutions honed for precision. These solutions are available to a wide range of investors, whether they are executing short-term tactical trades or investing in thematic strategies. Direxion’s reputation is built on developing products that accurately express market insights and enable investors to manage their risk exposure. Founded in 1997, the firm has approximately $28.6 billion in assets under management as of March 31, 2022. For more information, please visit

There can be no assurance that the Funds will achieve their investment objectives.

For more information on all of Direxion Shares’ daily leveraged ETFs, visit www.direxion.comor call us at 866.301.9214.

Leveraged ETFs are not suitable for all investors and should only be used by investors who understand the risks associated with seeking leveraged and inverse daily investment results, and who intend to actively monitor and manage their investments. Due to the day-to-day nature of the leveraged and inverse investment strategies employed, there is no guarantee of long-term inverse returns. Past performance does not represent future results.

An investor should carefully consider the investment objective, risks, charges and expenses of a Sub-Fund before investing. A Sub-Fund’s prospectus and simplified prospectus contain this and other information about the Direxion Shares. To obtain a Fund’s prospectus and summary prospectus, call 866-716-0735 or visit our website at A Fund’s prospectus and simplified prospectus should be read carefully before investing.

Direxion shares the risks – Investing in ETFs involves risk, including possible loss of principal. ETFs are not diversified and involve risks associated with concentration resulting from an ETF’s investments in a particular industry or sector, which can increase volatility. The use of derivative products such as futures and swaps is subject to market risks which may cause their price to fluctuate over time. ETFs do not attempt to provide returns that are a multiple of the performance of their respective index for periods other than a single day and should not be expected to do so. For other risks, including leverage, correlation, daily capitalization, market volatility and industry or sector specific risks, please read the prospectus.

Distributor: Foreside Fund Services, LLC.

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