Direxion Introduces More Triple-Leveraged (3X) Index ETFs

DirexionShares has already expanded its nascent stable of 3X ETF stallions.  The initial crop of triple-levered trading vehicles tied to indices of financials, energy, and large and small cap stocks, have proven to be widely popular, as evidenced by daily trading volumes in the millions.  For junkies who need a fix that plain old 200% leverage just can't cure, the doctor now has a larger cabinet of 300% smack.  Traders can now get 3X returns bull or bear in technology (TYH, TYP), emerging markets (EDC, EDZ), and developed markets (DZK, DPK).  We have seen the future of leveraged ETFs, and it was foreshadowed by the Mach3 razor.

One thing to keep in mind with these ETFs is that they only ATTEMPT to replicate 300% of the move of the underlying index, and through complicated means.  The higher the leverage goal, the more the tracking error gets magnified.