Direxion to Shutter Five Leveraged Bear ETFs

The firm has also been boosting its lineup of non-leveraged, which includes new introductions such as the Direxion Zacks MLP High Income Shares (NYSEArca: ZMLP) and the Direxion iBillionaire Index ETF (NYSEArca: IBLN). [A Look at the new Billionaire Tracking ETF]

Last month, ALPS, iShares and PIMCO announced they will shutter combined 26 ETFs with 18 of those closures coming from iShares.

 

ETF Trends editorial team contributed to this post.