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As of October 14, 2016, Direxion Shares ETF Trust - Direxion S&P 500 Volatility Response Shares has gone out of business. Direxion Shares ETF Trust - Direxion S&P 500 Volatility Response Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in volatile stocks of large-cap companies. The fund seeks to replicate the performance of the S&P 500 Volatility Response Index, by investing in the stocks of companies as per their weightings in the index. It was formerly known as Direxion Shares ETF Trust - Direxion S&P 500 DRRC Index Volatility Response Shares. Direxion Shares ETF Trust - Direxion S&P 500 Volatility Response Shares was formed on January 11, 2012 and is domiciled in the United States.
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