Direxion Shares ETF Trust supplemented the Direxion U.S. 500 Plus ETF prospectus on August 27, 2026, updating terms for SPXP shares traded on NYSE Arca. Investors can buy or sell only through intermediaries at market prices, with premiums, discounts, bid-ask spreads, tax consequences and potential Investment losses affecting outcomes.

Key Highlights

  • SPXP shares trade on NYSE Arca through broker-dealers and other financial intermediaries.
  • The fund publishes its portfolio holdings on its website each Business day.
  • Paul Brigandi and Tony Ng jointly manage the fund’s day-to-day portfolio.

Direxion Shares ETF Trust supplemented the prospectus for its Direxion U.S. 500 Plus ETF on August 27, 2026. The fund’s shares trade under SPXP on NYSE Arca, Inc. while the prospectus states that investors could lose money and that achieving the fund’s objective is not assured.

SPXP Prospectus Sets Trading and Management Terms

Transactions occur at the prevailing Market Price rather than net asset value, leaving the shares capable of trading at either a premium or discount to net asset value.

Investors may also incur the difference between the bid and ask prices, along with brokerage commissions. The bid-ask spread can change with trading Volume and market liquidity.

Paul Brigandi and Tony Ng are jointly responsible for daily portfolio management.

Distribution and Tax Terms Affect Investors

The fund pays dividends from net investment income and distributes net capital gains, if any, to shareholders at least annually.

Some payments may be treated as a return of capital, reducing a shareholder’s tax basis. A Shareholder could receive a large taxable distribution even after holding shares for only a short period.

The prospectus identifies Options and futures as carrying risks including price divergence from underlying instruments, imperfect correlation and possible difficulty closing positions at favorable times. Required collateral, segregated Assets or Margin payments could restrict portfolio transactions or require sales at disadvantageous times.

Source(s)

  • https://www.sec.gov/Archives/edgar/data/1424958/000119312526370799/d137108d497.htm