The Direxion ETFs allow active traders to obtain inverse exposure to the daily performance of the common stocks of Amazon, Google or Microsoft.

Direxion, provider of tradeable and thematic ETFs, announced the launch of an additional six single stock leveraged and inverse ETFs, listing on the NASDAQ. These new ETFs follow on the firm’s previously introduced four single stock leveraged and inverse ETFs, namely TSLL, TSLS, AAPU, and AAPD. (Yahoo Finance)

The new ETFs are as follows:

“Amazon, Google and Microsoft are three of the world’s largest stocks, are heavily traded, and are widely recognized,” said Managing Director and Head of Product, David Mazza. “The ability to express short-term views on single stocks using a Bull or Bear fund is an excellent way for traders to respond tactically to potential company events and market moves.”

The features of these single stock ETFS are:

· Built for active traders

· Meant to be used for short-term trading purposes

· Should not be viewed as buy and hold investments

· Rather they are trading tools for traders with a high risk tolerance

· Unlike traditional ETFs, or even other levered and/or inverse ETFs, these ETFs track the price of a single stock rather than an index

· They therefore eliminate the benefits of diversification

· The ETFs do not invest directly in Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOGL) or Microsoft (NASDAQ: MSFT)

· Intended only for investors with an in-depth understanding of the risks associated with seeking leveraged or inverse investment results

· Meant for traders who plan to actively monitor and manage their positions

· There is no guarantee these ETFs will meet their objective

Related Story: Direxion Launches Four Single Stock Leveraged ETFs Including Inverse 1X Apple And Tesla