Direxion Shares ETF Trust
1301 Avenue of the Americas (6th Avenue)
28th Floor
New York, NY 10019
September 22, 2022
FILED VIA EDGAR
United States Securities and Exchange Commission
Division of Investment Management
100 F Street, N.E.
Washington, D.C. 20549-1004
Re: | Direxion Shares ETF Trust (the “Trust”) |
File Nos.: 333-150525 and 811-22201
Request for Withdrawal of Post-Effective Amendment to the Trust’s Registration
Statement on Form N-1A
Dear Sir or Madam:
Pursuant to Rule 477 under the Securities Act of 1933, as amended, the Trust hereby respectfully requests withdrawal of the following Post-Effective Amendments to the Trust’s Registration Statement on Form N-1A, which were filed with the Securities and Exchange Commission on Form N-1A (the “Amendments”). The Amendments relate solely to the Direxion Daily META Bear 2X Shares, Direxion Daily NFLX Bear 2X Shares, Direxion Daily AAPL Bear 2X Shares, Direxion Daily MSFT Bear 2X Shares, Direxion Daily AMZN Bear 2X Shares, Direxion Daily GOOGL Bear 2X Shares and the Direxion Daily NVDA Bear 2X Shares (the “Funds”).
Post-Effective | Date Filed | Submission Type | Accession Number | |||
328 | 2/17/22 | 485A | 0001193125-22-045562 | |||
338 | 5/2/22 | 485BXT | 0001193125-22-136105 | |||
340 | 5/20/22 | 485BXT | 0001193125-22-155749 | |||
342 | 6/3/22 | 485BXT | 0001193125-22-166923 | |||
345 | 6/27/22 | 485BXT | 0001193125-22-182417 | |||
347 | 7/18/22 | 485BXT | 0001193125-22-196336 | |||
349 | 7/19/22 | 485BXT | 0001193125-22-197027 | |||
351 | 7/20/22 | 485BXT | 0001193125-22-198184 | |||
353 | 7/21/22 | 485BXT | 0001193125-22-199231 | |||
355 | 7/22/22 | 485BXT | 0001193125-22-200156 | |||
358 | 7/25/22 | 485BXT | 0001193125-22-200936 | |||
360 | 7/27/22 | 485BXT | 0001193125-22-203381 | |||
362 | 8/1/22 | 485BXT | 0001193125-22-208620 | |||
364 | 8/5/22 | 485BXT | 0001193125-22-213601 | |||
367 | 8/12/22 | 485BXT | 0001193125-22-219541 | |||
369 | 8/19/22 | 485BXT | 0001193125-22-224942 | |||
372 | 8/26/22 | 485BXT | 0001193125-22-230928 |
No securities of the Funds were sold in connection with the Amendments. The Trust has determined not to proceed with the offering of the Funds at this time, therefore, respectfully requests withdrawal of the Amendments. Accordingly, we request that the Commission issue an order granting withdrawal of the Amendment effective as of the date first set forth above or at the earliest practicable date hereafter.
If you have any questions concerning the foregoing, please contact Angela Brickl of Rafferty Asset Management, LLC at (646) 572-3463, Alyssa Sherman of Rafferty Asset Management, LLC at (646) 572-3633, or Stacy L. Fuller of K&L Gates LLP at (202) 778-9475.
Sincerely,
/s/ Alyssa Sherman
Alyssa Sherman
Secretary
Direxion Shares ETF Trust