As of May 27, 2016, Direxion Shares ETF Trust - Direxion Daily MSCI Europe Currency Hedged Bull 2X Shares has gone out of business. Direxion Shares ETF Trust - Direxion Daily MSCI Europe Currency Hedged Bull 2X 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 developed countries in Europe. The fund takes long positions to invest directly and indirectly through exchange traded funds and derivatives like futures contracts, swap agreements, and forward contracts in the stocks of companies operating across diversified sectors. It invests in the stocks of large-cap and mid-cap companies, the returns being hedged to US Dollars. The fund also invests some portion of its portfolio in money market funds or short-term debt instruments. It seeks to replicate twice the daily performance of the MSCI Europe US Dollar Hedged 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. It was formerly known as Direxion Shares ETF Trust - Direxion Daily Currency Hedged MSCI Europe Bear 2x Shares. Direxion Shares ETF Trust - Direxion Daily MSCI Europe Currency Hedged Bull 2X Shares was formed on June 10, 2015 and is domiciled in the United States.