NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, began trading two new..…
Direxion Shares ETFs.
Name and Ticker Symbol of the Two Direxion Shares ETFs:
- Direxion Daily Two Year Treasury Bull 3X Shares- Ticker Symbol “TWOL”
- Direxion Daily Two Year Treasury Bear 3X Shares- Ticker Symbol “TWOZ”
The Direxion Daily Two Year Treasury Bull 3X Shares seek daily investment results, before fees and expenses, of 300% of the price performance of the NYSE Current 2-Year U.S. Treasury Index, which is a one-security index comprised of the most recently issued 2-Year Treasury note. The Direxion Daily Two Year Treasury Bear 3X Shares seek daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the same index.
These funds seek a 300% or -300% return, respectively, of an index for a single day. Due to the compounding of daily returns, returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor their holdings consistent with their strategies, as frequently as daily.
Source: ETFWorld – NYSE Euronext (NYX)
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