Direxion Cuts Leverage on 10 Funds to 200%, Closes Eight Others

Effective May 19 2020, Direxion is updating the objectives of 10 leveraged ETF, some of them Gold based.

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Originally found the article on Bloomberg: www.bloomberg.com/amp/news/articles/2020-03-23/ten-leveraged-direxion-funds-cut-exposure-amid-global-turmoil?utm_medium=deeplink

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Here’s also the statement from Direxion: www.direxion.com/press-release/direxion-changes-objectives-of-ten-leveraged-funds-to-address-extreme-market-conditions-while-also-closing-eight-funds-due-to-limited-interest-since-launch