Direxion Introduces Two New Leveraged Silver Miner ETFs

ETF issuer Direxion today said it would soon bring two new silver miner-focused exchange traded funds to market, providing investors 2x leveraged exposure on the bull and bear side.

The two new funds announced are:

• The Direxion Daily Silver Miners Index Bull 2X Shares (SHNY) seeks to achieve 200% of the daily performance of the Solactive Global Silver Miners Index. SHNY has a net expense ratio of 0.80%.
• The Direxion Daily Silver Miners Index Bear 2X Shares (DULL) seeks to achieve 200% of the inverse of the daily performance of the Solactive Global Silver Miners Index. DULL also has a net expense ratio of 0.80%.

From the press release:

Direxion also noted that with all leveraged funds comes increased risk:

These two new funds join Direxion’s existing suite of leveraged, non-leveraged, and inverse ETFs. The company boasts $10.4 billion in assets under management as of June 30, 2016.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.