# EDGAR Filing Document

**Accession Number:** 0001424958
**File Stem:** 0001193125-25-139092
**Filing Date:** 2025-6
**Character Count:** 3631
**Document Hash:** bc43143e9e43acf2b2ce7638134ceaa0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-139092.hdr.sgml**: 20250805

**ACCESSION NUMBER**: 0001193125-25-139092

**CONFORMED SUBMISSION TYPE**: CORRESP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250611

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Direxion Shares ETF Trust
- **CENTRAL INDEX KEY:** 0001424958

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** CORRESP

**BUSINESS ADDRESS:**
- **STREET 1:** 535 MADISON AVENUE
- **STREET 2:** 37TH FL.
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 646-572-3390

**MAIL ADDRESS:**
- **STREET 1:** 535 MADISON AVENUE
- **STREET 2:** 37TH FL.
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Direxion ETF Trust
- **DATE OF NAME CHANGE:** 20080124

Rafferty Asset Management, LLC <br>1301 Avenue of the Americas (6th Avenue), 28th Floor <br>New York, New York 10019

June 11, 2025

**<u>VIA EDGAR</u>** 

Mr. Timothy Worthington <br>Securities and Exchange Commission <br>100 F Street, N.E. <br>Washington, DC 20549

Re: Direxion Shares ETF Trust (File Nos. 333-150525 and 811-22201) <br><u>Post-Effective Amendment to the Registration Statement on Form N-1A</u>

Dear Mr. Worthington:

The following is a response to the supplemental comment that we received from you by telephone on June 9, 2025 regarding Post-Effective Amendment No. 430 to the Registration Statement on Form N-1A with respect to the Direxion Daily Quantum Computing Bull 2X Shares, Direxion Daily Quantum Computing Bear 2X Shares and Direxion Daily Quantum Computing Bear 1X Shares, (each, a "Fund" and together, the "Quantum Computing Funds"), each a series of the Direxion Shares ETF Trust (the "Trust") that was filed with the Securities and Exchange Commission ("SEC") on March 14, 2025.The Staff's comment and the Trust's response are set forth below.

**<u>Quantum Computing Funds</u>**

**1) Registrant noted in its response dated June 4, 2025 that it determined to change the name of each Quantum Computing Fund to replace the term "Computing" with "Technology" in order to comply with Rule 35d-1 of the Investment Company Act of 1940, as amended (the "Names Rule") and that it had revised the disclosure to clarify how the ARTIS classification and scoring system determines that a nexus exists between a given security and the investment focus of the Fund (i.e., quantum technology). The Staff continues to believe that each Quantum Computing Fund's name does not comply with the Names Rule. Please revise the name of the Quantum Computing Funds or the 80% test to require each Fund to invest at least 80% of its net assets in the type of securities suggested by each Fund's name.**

Registrant determined to revise the name of each Quantum Computing Fund as follows: Direxion Daily Next Gen Bull 2X ETF, Direxion Daily Next Gen Bear 2X ETF and Direxion Daily Next Gen Bear 1X ETF.

I trust that the above responses and revisions adequately address your comments. If you have any additional questions or require further information, please contact Stacy Fuller of K&L Gates LLP at (202) 778-9475.

Sincerely,

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| | |
|:---|:---|
| **DIREXION SHARES ETF TRUST** | **DIREXION SHARES ETF TRUST** |
|  | <u>/s/ Patrick J. Rudnick</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Patrick J. Rudnick |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Principal Executive Officer |
|  | &nbsp;&nbsp;&nbsp;&nbsp; cc: Stacy Fuller, K&L Gates LLP |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Angela Brickl, Rafferty Asset Management, LLC |

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