Direxion

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Direxion earns an Above Average Parent Pillar rating because of its ability to stand out in an increasingly competitive industry. Direxion open-end and exchange-traded funds are, on average, offered at a minimal cost, suggesting that the firm considers what's best for its investor base. Fees for the firm's funds, on average, fall within the second-cheapest quintile of respective category peers. Turnover among Direxion's portfolio management ranks has been low compared to other firms in the past five years. This stability on the personnel front boosts confidence in its staying power.

Direxion

Direxion is a provider of financial products known for its leveraged ETFs. Direxion was founded in under the name Potomac Funds as a provider of mutual funds. The original name referred to the Potomac River near the company's first office in Alexandria, Virginia. The use of the letter "X" in the new name was intended to draw attention to the leveraged index funds in the company's offerings. That year the company also opened an office in the Prudential Tower in Boston, Massachusetts. Direxion launched its first leveraged ETFs in Securities and Exchange Commission and the Massachusetts Secretary of the Commonwealth , and a number of broker-dealers stopped selling leveraged ETFs. The criticisms centered around perceived tracking error : the ETFs were designed to achieve the stated multiple of the return on the underlying on a daily basis only with the cost of the daily rebalancing passed on to investors in the form of higher expense ratios , but commentators suggested that some investors, even institutional investors , had mistakenly tried to use the inverse products as longer-term hedges against their underlyings. In December , Direxion added 24 ETFs to its range of offerings, including some non-leveraged funds, and continued to expand its offering of non-leveraged funds in Contents move to sidebar hide. Article Talk. Read Edit View history. Tools Tools. Download as PDF Printable version. American financial institution.

Analyzing the performance of meme-stock winners over the direxion three years. United States. Seeking Alpha.

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Direxion is a leading provider of exchange-traded funds that is known mostly for its leveraged and inverse ETFs. It has non-leveraged funds in its exchange-traded product line as well. Keep in mind that the firm's offerings can change periodically. The four letters before the fund name are the ETF's trading symbol. Leveraged ETFs aim to deliver a multiple of the return of an index on a given trading day. Inverse ETFs are designed to provide the opposite of an index's performance.

Direxion

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The original name referred to the Potomac River near the company's first office in Alexandria, Virginia. Institutional Investor. Top 5 holdings. It is a daily leveraged ETF and should not be held for even moderate periods of time due to its high market volatility and leverage risks. That year the company also opened an office in the Prudential Tower in Boston, Massachusetts. Show more US link US. Enter a password into the New Password field. Search the FT Search. Liquidated Sep. ETF Strategy.

Direxion is a provider of financial products known for its leveraged ETFs. Direxion was founded in under the name Potomac Funds as a provider of mutual funds.

Trading fees and other account expenses are much more important for this ETF. Morningstar Rating Overall. Search the FT Search. You will see a red X next to the New Password field until your password meets all requirements. This message is displayed when the information entered does not match what is on file. Why did I get the 'Invalid Password' Message? US stock. It is a daily leveraged ETF and should not be held for even moderate periods of time due to its high market volatility and leverage risks. Related Articles. Liquidated Dec. Total Net Assets Financial Times.