Another Bearish Bank ETF For Direxion
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Friday, June 08, 2012

Another Bearish Bank ETF For Direxion

Direxion's top brass wants to add another bearish bank ETF to its lineup, reports "The ETF Professor" for

The firm behind the infamous Direxion Daily Financial Bear 3X Shares asked the SEC to allow it to launch the Direxion Daily Financial Bear 1X Shares.

This new ETF will be seeking inverse investment results daily which correspond the the Financial Select Sector Index and will have an expense ration of 0.65

No ticker was indicated in the filing for this ETF that will trade, if approved, on the New York Stock Exchange.

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