Direxion adding two new ETFs

Direxion Shares is adding two new ETFs to its array of leveraged funds. The new bond ETFs will give investors exposure to three times the daily performance of two-year Treasuries.

The Direxion Daily 2-Year Treasury Bull 3x Shares (TWOL) seeks 300% of the daily performance of the NYSE Arca Current 2-Year U.S. Treasury Index, a benchmark that consists of the most recently issued 2-year U.S. Treasury notes. The Daily 2-Year Treasury Bear 3x Shares (TWOZ) seeks 300% of the inverse of the daily performance of the same index.

“The yield on the 2-Year Treasury is historically highly correlated to the Federal funds rate, which many sophisticated investors are currently anticipating movement in due to changing inflation expectations,” said Dan O’Neill, Direxion Shares’ President.