Direxion to Shutter Five Leveraged Bear ETFs
September 03, 2014 at 15:22 PM EDT
Direxion, the second-largest issuer of inverse and leveraged exchange traded funds, said it will close five of its triple-leveraged bearish ETFs due to low assets under management tallies across the quintet. “Due to the Funds’ inability to attract sufficient investment assets, Rafferty...