Direxion Launches SMS Alerts Service for ETF Traders
Tailored, Instant SMS Messages Keep Active Traders Informed of Key ETF Data
NEW YORK — March 14, 2024— Direxion, a leading provider of tradeable and thematic ETFs, today announced the launch of customized Direxion ETF SMS Alerts, a cutting-edge service designed to provide traders with the ability to track the price movements and volume spikes of specific Direxion ETFs of interest to them.
The complimentary service is breaking new ground by giving traders the daily updates they need to help them make informed decisions, by offering:
- Near-Real-Time Updates: Text message notifications on price and volume movements deliver key data to help traders execute their trading strategies opportunistically.
- Customizable Alerts: Configuration of alerts specifically of interest to each trader. They can set precise alert thresholds, including price movements from 4-10% and volume spikes from 30-100+%.
- Flexibility: Ease of adjustments to the alerts any time to help traders align their data to their own objectives.
“We're excited to introduce the ETF SMS Alerts service to empower traders with another tool to inform their trading decisions,” said Andy O'Rourke, Chief Marketing Officer of Direxion. “In today’s dynamic markets, especially with daily leveraged & inverse ETFs, our aim is to offer actionable insights and timely notifications when significant changes are happening that impact the ETFs our customers are trading.”
With full customization, traders can pick the price change or volume spike alerts that are of most interest to them. It's worth noting that while this cutting-edge service provides timely updates, these alerts aren't meant as trading recommendations.
About Direxion
Direxion equips investors who are driven by conviction with ETF solutions built for purpose and fine-tuned for precision. These solutions are available for a broad spectrum of investors, whether executing short-term tactical trades, or investing in thematic strategies. Direxion’s reputation is founded on developing products that precisely express market perspectives and allow investors to manage their risk exposure. Founded in 1997, the company has approximately $38.2 billion in assets under management as of December 31, 2023. For more information, please visit www.direxion.com.
There is no guarantee that the Funds will achieve their investment objectives.
For more information on all Direxion Shares ETFs, go to www.direxion.com, or call us at 866.301.9214.
An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. A Fund’s prospectus and summary prospectus contain this and other information about the Direxion Shares. To obtain a prospectus and summary prospectus call 866-476-7523 or visit our website at direxion.com. A Fund’s prospectus and summary prospectus should be read carefully before investing.
Leveraged and Inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and who actively manage their investments.
Direxion Shares ETF Risks - An investment in the ETFs involves risk, including the possible loss of principal. The ETFs are non-diversified and include risks associated with concentration that results from an ETF’s investments in a particular industry, sector or company, which can increase volatility. The leveraged and inverse ETF utilize derivatives, such as futures contracts and swaps which are subject to market risks that may cause their price to fluctuate over time. The leveraged and inverse ETFs do not attempt to, and should not be expected to, provide returns which are a multiple of the return of their respective index or underlying security for periods other than a single day. The leveraged and inverse ETFs may also subject to leverage, correlation, daily compounding, market volatility and risks specific to an industry, sector or company. The non-leveraged ETFs are subject to certain risks, including imperfect index correlation and market price variance, which may decrease performance. The non-leveraged ETFs may invest in a relatively small number of issuers and, as a result, be subject to greater risk of loss with respect to its portfolio securities. The non-leveraged ETFs may experience greater fluctuation in its net asset value as compared to other investments. The non-leveraged ETFs may be appropriate for investors with a long-term investment time horizon, who primarily seek capital growth, and who are able to tolerate periods of prolonged price declines. Please read each ETF’s prospectus for a more complete description of the investment risks. There is no guarantee that an ETF will achieve its investment objective.
Distributor: Foreside Fund Services, LLC.