Direxion Will Delist 3 ETFs

Direxion has announced that it will close 3 of its current ETFs...

• INSD - Direxion Large Cap Insider Sentiment Shares ETF
• VLAT - Direxion S&P Latin America 40 DRRC Index Volatility Response Shares ETF
• VSPR - Direxion S&P 1500 DRRC Index Volatility Response Shares ETF

The main reason for the delistings is basically lack of investor interest. The funds failed to generate the assets desired to continue managing, so the last day of trading will be the close on January 18th. Then the funds will completely liquidate on January 25th. So if you have any of these funds in your portfolio, make sure you are aware of the situation. You can get full details on the Direxion website.

+Mark Kennedy