Direxion's top brass wants to add another bearish bank ETF to its lineup, reports "The ETF Professor" for Benzinga.com.

The firm behind the infamous Direxion Daily Financial Bear 3X Shares asked the SEC to allow it to launch the Direxion Daily Financial Bear 1X Shares.

This new ETF will be seeking inverse investment results daily which correspond the the Financial Select Sector Index and will have an expense ration of 0.65

No ticker was indicated in the filing for this ETF that will trade, if approved, on the New York Stock Exchange. 

Edited by: HFD


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