Direxion Shares ETF Trust
07/31/2024 | Press release | Distributed by Public on 07/31/2024 12:34
Prospectus by Investment Company - Form 497
497
DIREXION SHARES ETF TRUST
Supplement dated July 31, 2024
to the Prospectuses and Statements of Additional Information ("SAI")
for each series of the Direxion Shares ETF Trust (the "Trust")
to the Prospectuses and Statements of Additional Information ("SAI")
for each series of the Direxion Shares ETF Trust (the "Trust")
Change in Distributor
At a meeting held on June 27, 2024, the Board of Trustees of the Trust approved a change in distributor of each series of the Trust (each, a "Fund" and together, the "Funds") from Foreside Fund Services, LLC ("Foreside") to ALPS Distributors, Inc. ("ALPS").
Accordingly, effective September 9, 2024 (the "Effective Date"), all references to Foreside in each Fund's prospectus and SAI will be replaced with ALPS.
Additionally, as of the Effective Date, the first sentence of the first paragraph under the section titled "Management of the Funds - Distributor" will be deleted in its entirety and replaced with the following:
ALPS Distributors, Inc., located at 1290 Broadway, Suite 1000, Denver, CO 80203, serves as the distributor ("Distributor") in connection with the continuous offering of each Fund's shares.
For more information, please contact the Funds at (866) 476-7523.
Please retain this Supplement with your Prospectus and SAI.