- Seeking Alpha
As of April 6, 2020, Direxion Shares ETF Trust - Direxion Daily MSCI Developed Markets Bear 3X Shares has gone out of business. Direxion Shares ETF Trust - Direxion Daily MSCI Developed Markets Bear 3X 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 global ex-US/Canada region. It invests through derivatives and through other funds in stocks of companies operating across diversified sectors. It employs short strategy and uses derivatives such as futures, options, 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 MSCI EAFE Index. Direxion Shares ETF Trust - Direxion Daily MSCI Developed Markets Bear 3X Shares was formed on December 17, 2008 and is domiciled in the United States.