Direxion Shares ETF Trust - Direxion Daily Pharmaceutical & Medical Bull 3X Shares

Direxion Shares ETF Trust - Direxion Daily Pharmaceutical & Medical Bull 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 health care, pharmaceuticals, biotechnology and life sciences, pharmaceuticals sectors. The fund uses derivatives such as futures, swaps to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. It seeks to track 3x the daily performance of the S&P Pharmaceuticals Select Industry Index. Direxion Shares ETF Trust - Direxion Daily Pharmaceutical & Medical Bull 3X Shares was formed on November 15, 2017 and is domiciled in the United States.