Exchange traded fund manager Direxion plans to increase the leverage for several ETFs that currently seek 200% of the daily returns of their tracking benchmarks.

The Boston-based firm said 10 ETFs will shift to 300% daily leverage effective Dec. 1. The move affects five “bull” funds and five “bear” funds.

Direxion is keen to get the word out so there are no surprises for shareholders when the ETFs make the move to higher leverage later this week, said Andy O’Rourke, Direxion’s marketing director, in a telephone interview.

All of the firm’s leveraged ETFs will be based on 300% leverage following the move.

Direxion competes against other leveraged ETF providers such as ProShares and Rydex SGI, which is being bought by Guggenheim Partners.

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