Direxion Shares ETF Trust - Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares

Direxion Shares ETF Trust - Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. It invests in public equity markets of the United States. The fund invests through derivatives in stocks of companies operating across oil and gas exploration and production sub-industry sectors. It employs short strategy and uses derivatives such as futures and swaps to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization. It seeks to track -2x the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index. Direxion Shares ETF Trust - Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares was formed on May 28, 2015 and is domiciled in the United States.