Direxion Shares ETF Trust - Direxion Airline Shares

As of October 17, 2011, Direxion Shares ETF Trust - Direxion Airline Shares has gone out of business. Direxion Shares ETF Trust - Direxion Airline Shares is an exchange traded fund is launched by Direxion Funds. The fund is managed by Rafferty Asset Management, LLC. It invests in the public equity markets of the United States. The fund also invests some portion of its portfolio in derivative instruments, money market and exchange-traded funds. It seeks to invest in stocks of companies operating in the airline sector. The fund invests in stocks of companies across all-market capitalization. It seeks to replicate the performance of the NYSE Arca Airline Index by investing in stocks as per their weightings in the index. Direxion Shares ETF Trust - Direxion Airline Shares was formed on December 8, 2010 and is domiciled in the United States.