As of December 1st, 2011 the Direxion Daily Natural Gas Related Bear 2x Shares will seek daily exposure of -300% of the fund's benchmark. The fund will no longer seek -200% daily exposure. Performance information displayed for periods prior to December 1, 2011 reflects that of the funds' prior objective. More >

Direxion Daily Natural Gas Related Bear 3x Shares

GASX


View Daily Natural Gas Related Bull 3x Shares

Symbol Fund Index/Benchmark Daily Target Bloomberg Index Symbol
3x ETFs
GASX Daily Natural Gas Related Bear 3x Shares ISE Revere Natural Gas Index™ -300% FUM

Cusip 25459W 219

Inception date 7.14.10

 

Fund Objective

The Direxion Daily Natural Gas Related Bear 3x ETF seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the ISE Revere Natural Gas IndexTM. There is no guarantee the fund will meet its stated investment objective.

Target Index

The ISE-REVERE Natural Gas Index has been created to provide investors with a product allowing them to quickly take advantage of both event-driven news and long term trends in the Natural Gas industry. The securities selected for the index derive a substantial portion of their revenues from the exploration and production of natural gas. Eligible candidates are also screened by stock performance variables as well as statistical factors. This is done to optimize the performance of the index and to ensure that the index has significant correlation to the price of natural gas. The Index uses an equal-weighted methodology due to the diversity in market capitalization size among the component stocks.

Index Sector Weightings

Oil & Gas Exploration & Products   77.70%
Integrated Oil & Gas 18.50%
Gas Utilities   3.80%

 

Data as of 09/30/2011 is subject to change at any time.

Regulatory Documents (including Prospectus, SAI, Semi-Annual Report and Annual Report)

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An investor should consider the investment objectives, risks, charges, and expenses of Direxion Shares carefully before investing. The prospectus and summary prospectus contain this and other information about Direxion Shares. Click here to obtain a prospectus and summary prospectus. The prospectus and summary prospectus should be read carefully before investing.

The Funds are designed to be utilized only by sophisticated investors, such as traders and active investors employing dynamic strategies. Such investors are expected to monitor and manage their portfolios frequently. Investors in the Funds should (a) understand the consequences of seeking daily investment results, (b) understand the risk of shorting, and (c) intend to actively monitor and manage their investments.

An investment in the Funds involve risk, including the possible loss of principal. The Funds are non-diversified and include risks associated with concentration risk that results from the Funds' investments in a particular industry or sector which can increase volatility. The use of derivatives such as futures contracts, forward contracts, options and swaps are subject to market risks that may cause their price to fluctuate over time. The Fund does not attempt to, and should not be expected to, provide returns which are a multiple of the return of the Index for periods other than a single day. For other risks including correlation, leverage, compounding, market volatility and specific risks regarding each sector, please read the prospectus.

Distributor: Foreside Fund Services, LLC.