BARS faced stiff competition from the ProShares UltraShort Gold (NYSEArca: GLL) and the PowerShares DB Gold Double Short ETN (NYSEArca: DZZ), among others. [Bearish Gold ETFs]
The number of ETFs to close or be scheduled to close this year is over 70, but new launches are now over 200.
In September, Direxion announced the closures of the Direxion Daily Brazil 3x Bear Shares (NYSEArca: BRZS), Direxion Daily FTSE Europe Bear 3x Shares (NYSEArca: EURZ), Direxion Daily Japan 3x Bear Shares (NYSEArca: JPNS), Direxion Daily Korea 3x Bear Shares (NYSEArca: KORZ) and the Direxion Daily Natural Gas Related Bear 3X Shares (NSYEArca: GASX).
Direxion Daily Gold Bear 3X Shares
ETF Trends editorial team contributed to this post.