Direxion to Change Indexes For Leveraged Pharma, Real Estate ETFs

This article was originally published on ETFTrends.com.

Direxion, one of the largest issuers of leveraged exchange traded funds, is planning to change the indexes its leveraged pharmaceuticals and real estate ETFs track. Currently, the Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEArca: PILL) seeks 300% of the daily performance of the Dynamic Pharmaceutical Intellidex Index, which consists of common shares of companies [...]

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