Direxion Daily FTSE China Bull 3X ETF SEC Filings

Direxion Daily Retail Bull 3X Shares filed its monthly Form N-PORT for the period ended 30 Apr 2025.

• Net assets: $34.45 million, derived from total assets of $35.71 million and liabilities of $1.26 million (≈3.5 % of assets), indicating modest leverage.
• Performance: The leveraged ETF posted three straight negative monthly returns of -22.82 %, -20.63 % and -8.44 %, driven largely by equity swap losses.
• Derivatives impact: Equity swap positions realised losses of $1.19 million (Month 1), $9.25 million (Month 2) and $2.41 million (Month 3); unrealised P&L also volatile (-$5.19 million to +$4.05 million).
• Securities lending: About $0.93 million of securities are on loan to nine counterparties; the largest single exposure is Barclays Bank PLC – $458.73 k. Non-cash collateral totals $555.19 million and consists entirely of U.S. Treasuries.
• Risk metrics: No reportable credit-spread, duration or convexity data were disclosed, as the fund holds negligible debt exposure.

No indication was given that this is the fund’s final N-PORT filing.

Direxion Shares ETF Trust – Direxion Daily Pharmaceutical & Medical Bull 3X Shares filed its monthly Form N-PORT for the period ended 30 April 2025.

• Net assets: $13.58 million (total assets $13.89 million; liabilities $0.31 million).
• Performance: The fund recorded three consecutive negative monthly total returns of -4.85%, -5.70%, and -21.31%.
• Derivatives impact: Equity-swap activity produced realized gains of $58 k in month 1 but realized losses of -$119 k and -$914 k in months 2-3; unrealized depreciation was significant across all three months (-$517 k, -$402 k, -$194 k).
• Non-derivative investments: Realized results swung from +$302 k to -$403 k over the first two months, coupled with sizable unrealized swings (-$427 k, +$254 k). Data for month 3 was not fully provided.
• Securities lending: Four counterparties borrowed securities valued at ≈$129 k, backed mainly by U.S. Treasury collateral valued at ≈$57 k; BOFA Securities was the largest borrower ($61 k).
• Risk metrics: No credit-spread, interest-rate, or leverage exposures were reported; borrowings, preferred stock, and delayed-delivery payables were all zero.

Overall, the filing shows a shrinking asset base and persistent negative returns, driven largely by equity-swap losses, with limited balance-sheet leverage and modest securities-lending activity.

Direxion Shares ETF Trust – Direxion Daily Electric & Autonomous Vehicles Bull 2X Shares submitted a Form NPORT-P covering the month ended 30 April 2025 (fiscal year-end 31 Oct 2025).

Fund size & balance sheet: total assets were $2.96 million, liabilities $0.12 million, resulting in net assets of $2.83 million.

Recent performance (total return): Month-1 = -10.05 %, Month-2 = -19.37 %, Month-3 = -3.01 %.

Derivatives impact (equity swaps): over the same three-month period the fund booked cumulative realized losses of $605,167 and a net unrealized depreciation of $346,882.

Securities lending: five counterparties held securities on loan, the largest being J.P. Morgan Securities LLC ($156,685). Non-cash collateral received was $14,128 in U.S. Treasuries against $14,861 principal.

Risk metrics: the fund reported no material credit spread exposure and no outstanding borrowings.

Direxion Shares ETF Trust – Direxion Daily Financial Bull 3X Shares filed its monthly Form NPORT-P for the period ended 30 April 2025. The leveraged ETF reported total assets of US$2.260 billion, offset by liabilities of only US$9.25 million, resulting in net assets of US$2.251 billion (liabilities ≈ 0.4 % of assets).

Performance was volatile: month-over-month total returns were +2.91 % (Month 1), -14.03 % (Month 2) and -11.92 % (Month 3). Equity swap activity drove sizeable swings, with realized gains of US$21.2 million in Month 1 but realized losses of US$219.1 million and US$173.6 million in Months 2-3; unrealized changes followed a similar pattern. Non-derivative investments produced a modest US$25.3 million realized gain in Month 1, but losses in Months 2-3. Securities lending was de-minimis at US$201,281 (StoneX & Barclays), backed by non-cash U.S. Treasury collateral worth US$156,466. No borrowings, credit spread risk metrics or controlled foreign corporation assets were reported, and the fund indicated this is not a final filing.