Direxion Launches Three New ETFs

Direxion, a leading provider of both 2x and 3x leveraged ETFs, rolled out three new additions to its product line on Wednesday. In addition to a paired offering of 2x leveraged ETFs delivering amplified exposure to gold miners, Direxion also debuted its first non-leveraged product. The Direxion Airline Shares ETF (FLYX) will seek to replicate the NYSE Arca Global Airline Index, a modified equal-dollar weighted benchmark designed to measure the performance of highly capitalized and liquid U.S. and international passenger airline companies identified as being in the airline industry, and listed on developed and emerging global market exchanges. Among the largest holdings of the index are US Airways, Delta, and AMR, as well as international companies such as Ryanair and Gol Linhas Aereas Inteligentes SA. FLYX is the second U.S.-listed ETF to offer exposure to the global airline industry, joining the Guggenheim Airline ETF (FAA). Although the [...] Click here to read the original article on ETFdb.com. Related Stories: Direxion Launches Six New Leveraged ETFs Direxion Launches Four New Leveraged ETFs Direxion Files For Non-Leveraged ETFs