DIREXION LAUNCHES AIRLINE SHARE ETF

Direxion launch Direxion Airline Shares ETF (FLYX). Direxion’s first non-leveraged ETF is linked to the NYSE Arca Airline Index. FLYX, launched December 8, owns 13 stocks and the fund’s annual expense ratio is 0.55%. “Direxion is focused on continually developing new investment tools that provide sophisticated investors with direct exposure to a multitude of sectors. We’re very pleased to offer our first non-leveraged ETF for the passenger airline space, which reflects our commitment to meeting market demands in a variety of forms,” said Direxion President Dan O’Neill. “As the passenger airline space experiences increased trading volume, this new ETF provides