Direxion categorizes this particular ETF in the “Strategic Beta” category, which is not only thriving and developing at Direxion, but it likely resonates with ETF model managers and portfolio managers in the space. Other tickers that Direxion has launched in recent times in Strategic Beta include KNOW (All Cap Insider Sentiment Shares, Expense Ratio 0.65%), VSPY (S&P 500 Volatility Response Shares, Expense Ratio 0.45%), QQQE (NASDAQ-100 Equal Weighted Index Shares, Expense Ratio 0.35%), and ZMLP (Zacks MLP High Income Shares, Expense Ratio 0.65%).
Direxion iBillionaire Index ETF
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