Post-Effective Amendment to Post-Effective Amendment by Investment Company (Form 485BXT)

485BXT

As filed with the Securities and Exchange Commission on May 2, 2022

1933 Act File No. 333-150525

1940 Act File No. 811-22201

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-1A

REGISTRATION STATEMENT

UNDER

	THE SECURITIES ACT OF 1933		☒
	Pre-Effective Amendment No.		☐
	Post-Effective Amendment No. 338		☒

and/or

REGISTRATION STATEMENT

UNDER

	THE INVESTMENT COMPANY ACT OF 1940		☒
	Amendment No. 340		☒

(Check appropriate box or boxes.)

DIREXION SHARES ETF TRUST

(Exact name of Registrant as Specified in Charter)

1301 Avenue of the Americas (6^th Avenue), 28^th Floor

New York, New York 10019

(Address of Principal Executive Office) (Zip Code)

Registrant's Telephone Number, including Area Code: (646) 572-3390

Daniel D. O'Neill

1301 Avenue of the Americas (6^th Avenue), 28^th Floor

New York, New York 10019

(Name and Address of Agent for Service)

Copy to:

Angela Brickl Rafferty Asset Management, LLC 1301 Avenue of the Americas (6th Avenue) 28th Floor New York, New York 10019		Stacy L. Fuller K&L Gates LLP 1601 K Street, NW Washington, DC 20006

It is proposed that this filing will become effective (check appropriate box)

☐

immediately upon filing pursuant to paragraph (b)

☒

on May 23, 2022 pursuant to paragraph (b)

☐

60 days after filing pursuant to paragraph (a)(1)

☐

on (date) pursuant to paragraph (a)(1)

☐

75 days after filing pursuant to paragraph (a)(2)

☐

on (date) pursuant to paragraph (a)(2) of Rule 485.

If appropriate, check the following box:

☒

This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

EXPLANATORY NOTE

Designation of New Effective Date for Previously Filed Amendment

Post-Effective Amendment No. 328 (the "Amendment") was filed pursuant to Rule 485(a)(1) under the Securities Act of 1933, as amended, on February 17, 2022, and pursuant to Rule 485(a)(1) would become effective on May 3, 2022.

This Post-Effective Amendment No. 338 incorporates by reference the information contained in Parts A, B, and C of the Amendment.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, (the "Securities Act") and the Investment Company Act of 1940, as amended, the Registrant certifies that this Post-Effective Amendment No. 338 to its Registration Statement meets all the requirements for effectiveness pursuant to Rule 485(b) of the Securities Act, and the Registrant has duly caused this Post-Effective Amendment No. 338 to its Registration Statement on Form N-1A to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York and the State of New York on May 2, 2022.

Pursuant to the requirements of the Securities Act, this Post-Effective Amendment No. 338 to its Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

Signature		Title		Date
/s/ Daniel D. O'Neill*		Chairman of the Board		May 2, 2022
Daniel D. O'Neill
/s/ Angela Brickl		Trustee		May 2, 2022
Angela Brickl
/s/ Jacob C. Gaffey*		Trustee		May 2, 2022
Jacob C. Gaffey
/s/ David L. Driscoll*		Trustee		May 2, 2022
David L. Driscoll
/s/ Henry W. Mulholland*		Trustee		May 2, 2022
Henry W. Mulholland
/s/ Kathleen M. Berkery*		Trustee		May 2, 2022
Kathleen M. Berkery
/s/ Mary Jo Collins*		Trustee		May 2, 2022
Mary Jo Collins
/s/ Carlyle Peake*		Trustee		May 2, 2022
Carlyle Peake
/s/ Patrick J. Rudnick*		Principal Executive Officer		May 2, 2022
Patrick J. Rudnick
/s/ Corey Noltner*		Principal Financial Officer		May 2, 2022
Corey Noltner
*By: /s/ Angela Brickl
Attorney-In-Fact pursuant to the Powers of Attorney filed with Post-Effective Amendment No. 290 to the Trust's Registration Statement filed with the SEC on February 26, 2021, Post-Effective Amendment No. 321 filed with the SEC on December 2, 2021, and Post-Effective Amendment No. 331 filed with the SEC on April 6, 2022.

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