Direxion changes index for semiconductor etfs

New york, june 21, 2021 /prnewswire/ -- direxion announced it is changing the underlying index and investment objective of the direxion daily semiconductor bull 3x shares (ticker: soxl) and direxion daily semiconductor bear 3x shares (ticker: soxs). on or about august 25, 2021, the underlying index for both will change as shown in the table below: fund name current index new index direxion daily semiconductor bull 3x shares phlx semiconductor sector index ice semiconductor index direxion daily semiconductor bear 3x shares phlx semiconductor sector index ice semiconductor index like all leveraged etfs, these direxion products are intended only for investors with an in-depth understanding of the risks associated with seeking leveraged investment results, and who plan to actively monitor and manage their positions.
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