- Definitive materials filed by investment companies. (497)

U.S. Bancorp Fund Services LLC

615 East Michigan Street

Milwaukee, WI 53202

July 12, 2012

FILED VIA EDGAR

United States Securities and Exchange Commission

Division of Investment Management

100 F. Street, N.E.

Washington, D.C. 20549-1004

Re:	Direxion Shares ETF Trust (the “Trust”)

File Nos.: 333-150525 and 811-22201

Dear Sir or Madam:

Pursuant to Rule 497(c) of the Securities Act of 1933, as amended (the “1933 Act”) and the regulations thereunder, transmitted herewith on behalf of the Trust is the XBRL risk/return summary and corresponding XBRL exhibits, noted below, that mirrors the risk/return summary filed pursuant to Rule 497(c) under the 1933 Act on June 20, 2012. This July 12, 2012 Rule 497(c) filing (Accession No. 0001193125-12-276846) is hereby incorporated by reference to today’s Rule 497(c) filing.

The XBRL exhibits attached hereto consist of the following:

EXHIBIT INDEX


Exhibit		Exhibit No.
Instance Document		EX-101.INS
Schema Document		EX-101.SCH
Calculation Linkbase Document		EX-101.CAL
Definition Linkbase Document		EX-101.DEF
Label Linkbase Document		EX-101.LAB
Presentation Linkbase Document		EX-101.PRE