FYI: ( In the Linkster's opinion, stay away from leveraged funds. If you keep them for any length of time you'll lose big time.)
With the Global Industry Classification Standard set to add a new sector on Sept. 21, and a new Select Sector SPDR based on that sector debuted earlier in the summer, Direxion has jumped on the change with its latest filing.
The Direxion Daily Communication Services Index Bull 3X Shares and the Direxion Daily Communication Services Index Bear 3X Shares will both be tied to the same index as the Communication Services Select Sector SPDR Fund (XLC), the Communication Services Select Sector Index.
The Bull fund will offer 300% exposure to its underlying benchmark, while the Bear fund will offer the inverse, -300% exposure
Regards,
Ted
https://www.etf.com/sections/daily-etf-watch/3x-comm-services-etfs-filed
