Notice to Investors: Federman & Sherwood Reminds Investors of Imminent Deadline in Securities Class Action Lawsuit Against Direxion Shares ETF Trust on Behalf of Those Investors Who Purchased or Otherwise Acquired Shares in Direxion Daily Financial Bear 3

OKLAHOMA CITY, Oct. 28, 2009 (GLOBE NEWSWIRE) -- On September 18, 2009, Federman & Sherwood filed the first class action lawsuit in the United States District Court for the Southern District of New York against Direxion Shares ETF Trust on behalf of those investors who purchased or otherwise acquired shares in Direxion Daily Financial Bear 3X Shares (NYSE:FAZ). Federman & Sherwood reminds current and former shareholders that they only have until Tuesday, November 17, 2009 to move for appointment as a lead plaintiff in this case. The Complaint alleges violations of Sections 11 and 15 of the Securities Act of 1933.

If you purchased FAZ between November 3, 2008 and April 9, 2009 and wish to join this litigation as a plaintiff, please contact our office as soon as possible. Our firm seeks to recover damages on behalf of the Class. Federman & Sherwood has extensive experience and expertise in prosecuting securities litigation involving financial fraud. We represent investors throughout the country in shareholder litigation.

If you wish to join this class action or have further questions, please contact:

 William B. Federman
 FEDERMAN & SHERWOOD
 10205 North Pennsylvania Avenue
 Oklahoma City, OK 73120
 (405) 235-1560/Fax: (405) 239-2112
 Email to: wbf@federmanlaw.com - www.federmanlaw.com

CONTACT:  Federman & Sherwood
          (405) 235-1560