Direxion Shutters Three ETFs
December 18, 2012
The Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and shutter three exchange-traded funds because of their “inability to attract sufficient investment assets.”
The funds that are slated to be liquidated include: Direxion Large Cap Insider Sentiment Shares (INSD), Direxion S&P 1500 DRRC Index Volatility Response Shares (VSPR) and Direxion S&P Latin America 40 DRRC Index Volatility Response Shares (VLAT).
Shares of the funds will stop trading on the NYSE Arca on January 18 and will be liquidated on January 25.