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Where Is Direxion Based?

Alexander Ross • • 6 min read
Where Is Direxion Based?

Direxion has 4 offices in the U.S. and Hong Kong. Direxion specializes in providing decisive investors with solutions that deliver the flexibility to position portfolios opportunistically. Our Leveraged and Inverse ETFs

Inverse ETFs
An inverse exchange-traded fund is an exchange-traded fund (ETF), traded on a public stock market, which is designed to perform as the inverse of whatever index or benchmark it is designed to track.
› wiki › Inverse_exchange-traded_fund
provide opportunities for traders to: Magnify short term perspectives with daily 3X and 2X leverage.

What is the highest leveraged ETF?

But for reference, the S&P 500 provided a total return of 33.5% over the past year, as of Aug. 17, 2021. 1 The most traded leveraged ETF, based on three-month average daily trading volume, is the ProShares UltraPro Short QQQ (SQQQ).

Who owns ProShares?

History. It is owned by ProFunds Group, which was founded in 1997 by Louis Mayberg and Michael Sapir with $100,000, both of whom were previously at the competitor company Rydex.

Alexander Ross
Author

Alexander Ross

Alexander Ross has covered the video game industry for a decade, writing deep dives on game design, esports tournaments, VR developments, and gaming culture.