“The new Communication Services sector reflects what communications means in the 21st century, transforming what was once a defensive area of the market into one that is global, cyclical and growth-oriented,” said Mazza. “TAWK and MUTE allow traders to take bold positions on the next evolution of media and communications.”

Like all leveraged and inverse ETFs, these Direxion products are intended only for investors with an in-depth understanding of the risks associated with seeking leveraged and inverse investment results, and who plan to actively monitor and manage their positions. There is no guarantee that the Funds will meet their objective.

Click here for more information on these two new ETFS.

For more market trends, visit ETF Trends.

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.