Form 497 Direxion Shares ETF Trus
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E-mailDIREXION SHARES ETF TRUST
Direxion Daily MSCI South Korea Bull 3X ETF
(KORU)
Direxion Daily MU Bull 2X ETF (MUU)
(Each a “Fund” and collectively, the “FUNDS”)
Direxion Daily MU Bull 2X ETF (MUU)
(Each a “Fund” and collectively, the “FUNDS”)
Supplement dated June 10, 2026 to the
Summary Prospectuses, Prospectuses, and Statements of Additional Information (“SAI”)
dated February 27, 2026, as last supplemented
Summary Prospectuses, Prospectuses, and Statements of Additional Information (“SAI”)
dated February 27, 2026, as last supplemented
After the close of the markets on July 14, 2026
(the “Payable Date”), each Fund will effect a forward split of its issued and outstanding shares as follows:
| Fund Name |
Forward Split Ratio |
Approximate increase
in total number of
outstanding shares |
| Direxion Daily MSCI South Korea Bull 3X ETF |
20 for 1 |
1,900% |
| Direxion Daily MU Bull 2X ETF |
20 for 1 |
1,900% |
As a result of these share splits, shareholders of each Fund will receive twenty shares for each share held of the applicable Fund as indicated in the table above. Accordingly, the number of each Fund’s issued and outstanding shares will increase by the approximate percentage indicated above.
All share splits will apply to shareholders of record as of the close of their respective listing exchange (the “Exchange”) on July 13, 2026 (the “Record Date”), payable after the close of the Exchange on the Payable Date. Shares of the Funds will begin trading on the Exchange on a split-adjusted basis on July 15, 2026 (the “Ex-Date”). On the Ex-Date, the opening market value of each Fund’s issued and outstanding shares, and thus a shareholder’s investment value, will not be affected by the share split. However, the per share net asset value (“NAV”) and opening market price on the Ex-Date will be approximately one-twentieth for the Funds. The table below illustrates the effect of a hypothetical twenty-for-one split on a shareholder’s investment.
20-for-1 Forward Split
| Period |
# of Shares Owned |
Hypothetical NAV |
Total Market Value |
| Pre-Split |
10 |
$1,000 |
$10,000 |
| Post-Split |
200 |
$50 |
$10,000 |
The Trust’s transfer agent will notify the
Depository Trust Company (“DTC”) of the forward splits and instruct DTC to adjust each shareholder’s investment(s) accordingly. DTC is the
registered owner of the Funds’ shares and maintains a record of the Funds’ record owners.
The share splits will not result in a taxable
transaction for holders of the Funds’ shares. No transaction fees will be imposed on shareholders in connection with the share splits.
* * * * *
Please retain a copy of this Supplement with your Summary Prospectus,
Prospectus, and SAI.
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