New ETFs Provide 3X Bull and Bear Exposure to Oil & Gas and Biotech Industries

Direxion Investments announces the launch of four new daily leveraged exchange-traded funds ...…

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The Direxion Daily S&P Biotech Bull and Bear 3X Shares (Tickers: LABU/LABD) seek to achieve 300%, or 300% of the inverse, of the daily performance of the S&P Biotechnology Select Industry Index. The Direxion Daily S&P Oil & Gas Exp. & Prod. Bull and Bear 3X Shares (Tickers: GUSH/DRIP) seek to achieve 300%, or 300% of the inverse, of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index.

“The biotech and oil and gas industries have been receiving a great deal of attention from investors and traders over the past 12 months,” said Brian Jacobs, President of Direxion Investments. “We believe that interest in these sectors will continue, with traders eager to seek profit or hedge depending on market movements.”

 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. 

Source: ETFWorld.com

WMCR
Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)