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GOOD, another damn scam,,,,,,,,,,,,,,,,Fascination With Triple Levered ETFs Ends: Direxion Closing Nine 3x ETFs Due To Lack Of Interest

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Sat, 04 Aug 12 6:57 AM | 34 view(s)
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Submitted by Tyler Durden on 08/03/2012 - 16:46 Exchange Traded Fund India New York Stock Exchange Stop Trading

It was fun (not really) while it lasted, but America's habitual gamblers have finally grown tired of the theta sucking monsters known as uberlevered ETFs. End result: Direxion is announcing it is closing nine 3X levered ETFs. The casualties are: Direxion Daily Agribusiness Bull 3X Shares (COWL), Direxion Daily Agribusiness Bear 3X Shares (COWS), Direxion Daily Basic Materials Bear 3X Shares (MATS), Direxion Daily BRIC Bull 3X Shares (BRIL), Direxion Daily BRIC Bear 3X Shares (BRIS), Direxion Daily Healthcare Bear 3X Shares (SICK), Direxion Daily India Bear 3X Shares (INDZ), Direxion Daily Latin America Bear 3X Shares (LHB) and Direxion Daily Retail Bear 3X Shares (RETS).

http://www.zerohedge.com/news/fascination-triple-levered-etfs-ends-direxion-closing-nine-3x-etfs-due-lack-interest




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