NEW YORK, March 25, 2020 /PRNewswire/ — Resulting from important market disruption and volatility on March 24, 2020, the Direxion Every day Gold Miners Index Bull 3X Shares (NUGT) and Direxion Every day Junior Gold Miners Index Bull 3X Shares (JNUG) is not going to have publicity of 300% to the market immediately. At market open, the Direxion Every day Gold Miners Index Bull 3X Shares and Direxion Every day Junior Gold Miners Index Bull 3X Shares could have publicity of roughly 220% and 220%, respectively. This decreased publicity is for immediately, March 25, 2020, solely.
Direxion equips traders who’re pushed by conviction with ETF options constructed for goal and fine-tuned for precision. These options can be found for a broad spectrum of traders, whether or not executing short-term tactical trades, investing in macro themes, or constructing long-term asset allocation methods. Direxion’s fame is based on growing merchandise that exactly specific market views and permit traders to handle their threat publicity. Based in 1997, the corporate has roughly $15 billion in belongings beneath administration as of December 31, 2019. For extra data, please go to www.direxion.com.
There is no such thing as a assure that the Funds will obtain their funding goals.
For extra data on all Direxion Shares day by day leveraged ETFs, go to direxion.com, or name us at 866.301.9214.
Leveraged ETFs are usually not appropriate for all traders and must be utilized solely by traders who perceive the dangers related to in search of day by day leveraged and inverse funding outcomes, and intend to actively monitor and handle their investments. As a result of day by day nature of the leveraged and inverse funding methods employed, there isn’t a assure of long-term inverse returns. Previous efficiency is just not indicative of future outcomes.
An investor ought to rigorously contemplate a Fund’s funding goal, dangers, fees, and bills earlier than investing. A Fund’s prospectus and abstract prospectus comprise this and different details about the Direxion Shares. To acquire a Fund’s prospectus and abstract prospectus name 866-716-0735 or go to our web site at direxion.com. A Fund’s prospectus and abstract prospectus must be learn rigorously earlier than investing.
Direxion Shares Dangers – An funding within the ETFs includes threat, together with the potential lack of principal. The ETFs are non-diversified and embrace dangers related to focus that outcomes from an ETF’s investments in a specific business or sector which may enhance volatility. Using derivatives resembling futures contracts and swaps are topic to market dangers that will trigger their value to fluctuate over time. The ETFs don’t try and, and shouldn’t be anticipated to, present returns that are a a number of of the return of their respective index for intervals aside from a single day. For different dangers together with leverage, correlation, day by day compounding, market volatility and dangers particular to an business or sector, please learn the prospectus.
Market Disruption Threat – Geopolitical and different occasions, together with public well being crises and pure disasters, have just lately led to elevated market volatility and important market losses. Vital market volatility and market downturns could restrict the Fund’s capability to promote securities and procure quick publicity to securities, and the Fund’s gross sales and quick exposuresmay exacerbate the market volatility and downturn. Below such circumstances, the Fund could have issue attaining its funding goal for a number of buying and selling days, which can adversely influence the Fund’s returns on these days and intervals inclusive of these days. Alternatively, the Fund could incur greater prices (together with swap financing prices) with a view to obtain its funding goal and could also be compelled to buy and promote securities (together with different ETFs’ shares) at market costs that don’t characterize their truthful worth (together with within the case of an ETF, its NAV) or at instances that end in variations between the value the Fund receives for the safety or the worth of the swap publicity and the market closing value of the safety or the market closing worth of the swap publicity. Below these circumstances, the Fund’s capability to trace its Index is prone to be adversely affected, the market value of Fund shares could replicate a higher premium or low cost to NAV and bid-ask spreads within the Fund’s shares could widen, leading to elevated transaction prices for secondarymarket purchasers and sellers. The Fund can also incur further monitoring error because of the usage of futures contracts or different securities that aren’t completely correlated to the Fund’s Index.
The latest pandemic unfold of the novel coronavirus referred to as COVID-19 has confirmed to be a market disrupting occasion. The influence of this virus, like different pandemics that will come up sooner or later, has negatively affected and will proceed to negatively have an effect on the economies of many countries, corporations and the worldwide securities and commodities markets, together with by decreasing liquidity within the markets. Antagonistic results could also be extra pronounced for growing or rising market international locations which have much less established well being care techniques. How lengthy such occasions will final and whether or not they may proceed or recur can’t be predicted.
Distributor: Foreside Fund Providers, LLC.