Direxion Shares ETF Trust EFFECT Notice of effectiveness

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Notice of Effectiveness
Effectiveness Date:	March 16, 2011

Accession Number:

0001144204-11-014130

Submission Type:

485APOS

CIK:

0001424958

Company Name:

Direxion Shares ETF Trust

File Number:

333-150525

REFERENCED SERIES/CLASSES (CONTRACTS)

Series ID
	Class/Contract	Name
S000025253		Direxion Daily 5-Year Treasury Bull 3X Shares
	C000075249	Direxion Daily 5-Year Treasury Bull 3X Shares

Series ID
	Class/Contract	Name
S000025254		Direxion Daily 5-Year Treasury Bear 3X Shares
	C000075250	Direxion Daily 5-Year Treasury Bear 3X Shares

Series ID
	Class/Contract	Name
S000031286		Direxion Daily Municipal Bond Taxable Bear 1X Shares
	C000097001	Direxion Daily Municipal Bond Taxable Bear 1X Shares

Series ID
	Class/Contract	Name
S000031288		Direxion Daily Total Bond Market Bear 1X Shares
	C000097003	Direxion Daily Total Bond Market Bear 1X Shares

Series ID
	Class/Contract	Name
S000031289		Direxion Daily Emerging Market Bear 1X Shares
	C000097004	Direxion Daily Emerging Market Bear 1X Shares

Series ID
	Class/Contract	Name
S000031291		Direxion Daily Dow 30 Bear 1X Shares
	C000097006	Direxion Daily Dow 30 Bear 1X Shares

Series ID
	Class/Contract	Name
S000031292		Direxion Daily Large Cap Bear 1X Shares
	C000097007	Direxion Daily Large Cap Bear 1X Shares

Series ID
	Class/Contract	Name
S000031293		Direxion Daily Small Cap Bear 1X Shares
	C000097008	Direxion Daily Small Cap Bear 1X Shares

Series ID
	Class/Contract	Name
S000031294		Direxion Daily Total Market Bear 1X Shares
	C000097009	Direxion Daily Total Market Bear 1X Shares

Series ID
	Class/Contract	Name
S000031295		Direxion Daily Corporate Bond Bear 1X Shares
	C000097010	Direxion Daily Corporate Bond Bear 1X Shares

Series ID
	Class/Contract	Name
S000031296		Direxion Daily Developed Markets Bear 1X Shares
	C000097011	Direxion Daily Developed Markets Bear 1X Shares