RUSL - Direxion Suspends Creations in RUSL

PR Newswire

NEW YORK , Feb. 24, 2022 /PRNewswire/ -- Following the commencement of ground operations by Russia in Ukraine , various countries, including the United States , imposed sanctions on Russia , the market capitalizations of many Russian companies experienced significant declines and Russia closed its securities markets, effective after the close of trading on February 24, 2022 . As a result, the Direxion Daily Russia Bull 2X Shares (the "Fund") has suspended creations of its shares until further notice. During this time, the Fund may not meet its investment objective, may experience increased tracking error and may experience significant premium/discounts and bid-ask spreads.

The Fund will continue to accept redemption requests as described in the Fund's Statement of Additional Information, and investors will continue to be able to buy and sell Fund shares on the stock exchange. However, if demand for Fund shares exceed supply while creations are suspended, Fund shares may trade at a premium to their net asset value (i.e., at prices greater than net asset value).

About Direxion:

Direxion equips investors who are driven by conviction with ETF solutions built for purpose and fine-tuned for precision. These solutions are available for a broad spectrum of investors, whether executing short-term tactical trades, or investing in thematic strategies. Direxion's reputation is founded on developing products that precisely express market perspectives and allow investors to manage their risk exposure. Founded in 1997, the company has approximately $30.8 billion in assets under management as of December 31, 2021 . For more information, please visit www.direxion.com .

There is no guarantee that the Funds will achieve their investment objectives.

For more information on all Direxion Shares daily leveraged ETFs, go to www.direxion.com , or call us at 866.301.9214 .

Leveraged ETFs are not suitable for all investors and should be utilized only by investors who understand the risks associated with seeking daily leveraged and inverse investment results, and intend to actively monitor and manage their investments. Due to the daily nature of the leveraged and inverse investment strategies employed, there is no guarantee of long-term inverse returns. Past performance is not indicative of future results.

An investor should carefully consider a Fund's investment objective, risks, charges, and expenses before investing. A Fund's prospectus and summary prospectus contain this and other information about the Direxion Shares. To obtain a Fund's prospectus and summary prospectus call 866-716-0735 or visit our website at direxion.com. A Fund's prospectus and summary prospectus should be read carefully before investing.

Direxion Shares Risks - An investment in the ETFs involves risk, including the possible loss of principal. The ETFs are non-diversified and include risks associated with concentration that results from an ETF's investments in a particular industry or sector which can increase volatility. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. The ETFs do not attempt to, and should not be expected to, provide returns which are a multiple of the return of their respective index for periods other than a single day. For other risks including leverage, correlation, daily compounding, market volatility and risks specific to an industry or sector, please read the prospectus.

Distributor: Foreside Fund Services, LLC.

SOURCE Direxion