Rafferty Asset Management Closing Three ETFs

The Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and close the Direxion Daily Cyber Security & IT Bear 2X Shares (Ticker: HAKD), Direxion Daily Pharmaceutical & Medical Bull 2X Shares (Ticker: PILL) and Direxion Daily Pharmaceutical & Medical Bear 2X Shares (Ticker: PILS) (each a "Fund" and collectively the "Funds") based on the recommendation of Rafferty Asset Management, LLC, the Trust's advisor. Due to the Funds' inability to attract sufficient investment assets, Rafferty believes it cannot continue to conduct its business and operations in an economically efficient manner. As a result, the Board concluded that liquidating and closing the Funds would be in the best interest of each Fund and its shareholders