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Direxion announced changes to the underlying indices and investment objectives for its leveraged ETFs: Direxion Daily Financial Bull 3X Shares (FAS), Direxion Daily Financial Bear 3X Shares (FAZ), and Direxion Daily Transportation Bull 3X Shares (TPOR). Effective August 1, 2022, FAS and FAZ will switch from the Russell 1000 Financials 40 Act index to the Financials Select Sector Index. TPOR will transition from the Dow Jones Transportation Average to the S&P Transportation Select Industry FMC Capped Index, providing traders with more accurate sector exposure.
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