Rafferty Asset Management
] has decided to shutter three Direxion
funds, reports ETF Trends
Direxion Large Cap Insider Sentiment Shares
, Direxion S&P 1500 DRRC Index Volatility Response Shares
and Direxion S&P Latin America 40 DRRC Index Volatility Response Shares
have failed to gain sufficient assets, according to reporter John Spence.
According to the story, a company news release said the ETFs will be liquidated next moth and the cash will be distributed to investors.
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