NEW YORK, Sept. 8, 2016 /PRNewswire/ -- Direxion announced today it has added two leveraged and inverse ETFs to its expanding lineup. The Direxion Daily Silver Miners Index Bull 2X Shares (Ticker: SHNY) seeks to achieve 200% of the daily performance of the Solactive Global Silver Miners Index. The Direxion Daily Silver Miners Index Bear 2X Shares (Ticker: DULL) seeks to achieve 200% of the inverse of the daily performance of the Solactive Global Silver Miners Index.

Fund Symbol CUSIP Benchmark Daily Target Gross Expense Ratio Net Expense Ratio* Direxion Daily Silver Miners Index Bull 2X Shares SHNY 25460E109 Solactive Global Silver Miners Index 200% 0.98% 0.80% Direxion Daily Silver Miners Index Bear 2X Shares DULL 25460E208 Solactive Global Silver Miners Index -200% 0.98% 0.80%

"Silver's shrinking price over the past several years forced silver miners to innovate to drive production costs down. Now that prices are rebounding, those cost reductions are paying off in a big way," said Sylvia Jablonski, Managing Director at Direxion. "The launch of the Silver Miners leveraged and inverse ETFs is timely, as the funds allow traders to magnify their short-term perspective on one of the most popular metal and related-asset trades."

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. There is no guarantee that the Funds will meet their objectives.

About Direxion:

Direxion builds bold products for investors who want more than the status quo. Our index-based products deliver directional options, magnified exposure, and long-term, rules-based strategies. Founded in 1997, the company has approximately $10.4 billion in assets under management as of June 30, 2016. Direxion's diverse suite of products helps investors navigate today's ever-changing markets. For more information, please visit www.direxioninvestments.com.

There is no guarantee that the Funds will achieve their objectives.

For more information on all Direxion Shares daily leveraged ETFs, go to direxioninvestments.com, or call us at 866-476-7523.

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

An investor should consider the investment objectives, risks, charges, and expenses of Direxion ETFs carefully before investing. The prospectus and summary prospectus contains this and other information about Direxion ETFs. Download a prospectus and summary prospectus at direxioninvestments.com. The prospectus and summary prospectus should be read carefully before investing.

* The Expense Cap of the Funds includes management fee and other operating expenses, but does not include indirect expenses such as Acquired Fund Fees and Expenses, leveraged interest and brokerage commissions. Including Acquired Fund Fees and Expenses, the Total Annual Fund Operating Expenses for the Funds would be 0.98%. The Funds' Advisor, Rafferty Asset Management, LLC has entered into an Operating Expense Limitation Agreement with the Funds. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to cap all or a portion of its management fee and/or reimburse the Funds for Other Expenses through September 1, 2017, to the extent that the Funds' Total Annual Fund Operating Expenses exceed *0.80%.

Risks:

An investment in the ETFs involves risk, including the possible loss of principal. The ETFs are non-diversified and include risks associated with concentration risk that results from the Funds' investments in a particular industry or sector which can increase volatility. The use of derivatives such as futures contracts, forward contracts, options and swaps are subject to market risks that may cause their price to fluctuate over time. The Funds do not attempt to, and should not be expected to, provide returns which are a multiple of the return of the Index for periods other than a single day. For other risks including correlation, compounding, market volatility and specific risks regarding each sector, please read the prospectus.

Distributor: Foreside Fund Services, LLC.

CONTACT:

James Doyle

JConnelly

973-850-7308

[email protected]

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SOURCE Direxion

Related Links

http://www.direxioninvestments.com

