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ETF
Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X Shares is an exchange traded fund launched by Direxion Investments. It is managed by Rafferty Asset Management, LLC. It invests in public equity markets of the United States. It invests through derivatives and through other funds in stocks of companies operating across information technology, semiconductors and semiconductor equipment sectors. It employs short strategy and uses derivatives such as futures, swaps to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track -3x the daily performance of the NYSE Semiconductor Index. Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X Shares was formed on March 11, 2010 and is domiciled in the United States.
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