As of October 14, 2016, Direxion Shares ETF Trust - Direxion Daily FTSE Emerging Markets Bull 1.25X Shares has gone out of business. Direxion Shares ETF Trust - Direxion Daily FTSE Emerging Markets Bull 1.25X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. It invests in the public equity markets of emerging countries across the globe. The fund takes long positions to invest directly and indirectly through exchange traded funds and derivatives like futures contracts, options, swap agreements, and forward contracts in the stocks of companies operating across diversified sectors. It invests in the stocks of companies across all market capitalizations. The fund also invests some portion of its portfolio in money market funds or short-term debt instruments. It seeks to replicate 125% of the daily performance of the FTSE Emerging Index. The fund uses a replication index method, investing in the common stock of each company in the Index in approximately the same proportion as represented in the Index itself. Direxion Shares ETF Trust - Direxion Daily FTSE Emerging Markets Bull 1.25X Shares was formed on January 7, 2015 and is domiciled in the United States.