Direxion Daily BRIC Bear 3x Shares, formerly Direxion Daily BRIC Bear 2x Shares, seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the BNY Mellon BRIC Select ADR Index. The BNY Mellon BRIC Select ADR Index is a free-float adjusted modified market capitalization weighted index designed by BNY Mellon that tracks the performance of depositary receipts in American deposit receipts (ADR) or global deposit receipts (GDR) form that are listed for trading on the New York Stock exchange (NYSE), NYSE Amex and Nasdaq Stock Market (NASDAQ). Its index sector includes Brazil, China, India and Russia.