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As of September 29, 2014, Direxion Shares ETF Trust - Direxion Daily Brazil Bear 3X Shares has gone out of business. Direxion Shares ETF Trust - Direxion Daily Brazil Bear 3X Shares is an exchange traded fund launched by Direxion Funds. The fund is managed by Rafferty Asset Management, LLC. It invests in the public equity markets of Brazil. The fund takes short positions and uses derivatives like futures contracts, options on securities, indices and futures contracts, swap agreements, and forward contracts to invest in stocks of companies operating across diversified sectors. It invests in stocks of large-cap and mid-cap companies. The fund also invests in short term debt securities and exchange-traded funds. It seeks to track thrice the inverse of the daily performance of the MSCI Brazil 25/50 Index. Direxion Shares ETF Trust - Direxion Daily Brazil Bear 3X Shares was formed on May 1, 2013 and is domiciled in the United States.
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