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Direxion Shares ETF Trust proxy voting record, 2025-2026

Direxion Shares ETF Trust reported 32,924 proxy votes on Form N-PX for the 2026 season. On the 26,237 ballot items the board itself put forward — directors, pay, the auditor, capital — it voted FOR 94.4% of the time. On the 620 environmental and social proposals put on the ballot by shareholders, it voted FOR 11.0% of the time.

2023-2024 2024-20252025-2026

94.4%Voted for board proposals
11.0%Backed E&S proposals
28,641Ballot items
12,674Proposals
1,365Issuers
25Funds / accounts

On the board’s own proposals

94.4% FOR of 26,237 fund votes on board proposals in 2025-2026: directors, pay, auditor, capital.

94.4% FOR

FOR 24,768 AGAINST 864 Abstained or withheld 605

How we count these

On proposals shareholders put on the ballot

11.0% FOR of 620 fund votes on environmental and social proposals shareholders put on the ballot. The board opposed 616.

AGAINST

FOR 68 AGAINST 552 Abstained 0

See the 68 it backed →

How we count these

By proposal type

A single “voted with management” figure makes every manager look the same: director elections are most of the volume and nearly everyone votes FOR them. The record is therefore reported per category, using the category the filer itself put on each item in its N-PX.

Direxion Shares ETF Trust, 2025-2026. “Decided” is FOR + AGAINST, the denominator of the two percentage columns; abstentions and withheld votes are shown separately and are never inside a percentage. Counted in ballot items — one fund’s vote on one proposal at one meeting — never in shares.
Proposal type	Put on the ballot by	Items	Decided	Voted FOR	Voted AGAINST	Abstained / withheld
Director Elections	Board (3 inferred)	19,428	18,685	98.1%	1.9%	605
Director Elections	Shareholders	2	0	n/a	n/a	2
Say-on-Pay	Board	2,883	2,721	89.9%	10.1%	0
Say-on-Pay	Shareholders (6 inferred)	6	6	100.0%	0.0%	0
Audit-related	Board	2,754	2,754	100.0%	0.0%	0
Audit-related	Shareholders (6 inferred)	6	6	100.0%	0.0%	0
Corporate Governance	Board	702	702	85.6%	14.4%	0
Corporate Governance	Shareholders (8 inferred)	669	669	64.6%	35.4%	0
Compensation	Board	936	936	78.0%	22.0%	0
Compensation	Shareholders	40	34	47.1%	52.9%	0
Other Social Issues	Board	9	9	100.0%	0.0%	0
Other Social Issues	Shareholders	392	387	10.9%	89.1%	0
Capital Structure	Board	349	349	96.8%	3.2%	0
Capital Structure	Shareholders	26	26	100.0%	0.0%	0
Environment or Climate	Board	9	9	100.0%	0.0%	0
Environment or Climate	Shareholders	298	298	5.7%	94.3%	0
Extraordinary Transactions	Board	190	190	86.8%	13.2%	0
Extraordinary Transactions	Shareholders	5	5	0.0%	100.0%	0
Diversity, Equity, and Inclusion	Board	8	8	100.0%	0.0%	0
Diversity, Equity, and Inclusion	Shareholders	163	163	0.0%	100.0%	0
Human Rights or Human Capital/workforce	Board	8	8	100.0%	0.0%	0
Human Rights or Human Capital/workforce	Shareholders	125	125	8.8%	91.2%	0
Shareholder Rights and Defenses	Board	61	61	95.1%	4.9%	0
Shareholder Rights and Defenses	Shareholders (1 inferred)	69	69	63.8%	36.2%	0
Other	Board	1	1	100.0%	0.0%	0

An item the filer put in two categories is counted in both rows, so the rows add up to more than the total. Who put an item on the ballot is decided item by item: the filer’s own answer on Form N-PX (Item 1(h)), or, where the filing does not give one, the proposal’s own wording (24 items, shown as inferred). The two figures above use only part of these rows: the board figure, board proposals on directors, pay, the auditor, capital, transactions and fund matters; the shareholder figure, environmental, social, workforce and diversity shareholder proposals at US-listed companies. How we count these

Every proposal where Direxion Shares ETF Trust broke with the board (784 distinct proposals) →

What is being counted

The unit is a fund-level observation: one fund’s vote on one proposal at one meeting. It is not a share, not a filing line and not a proposal.: Direxion Shares ETF Trust filed 32,924 vote records for 2025-2026; after removing votes filed twice in different N-PX filings, that is 28,641 ballot items (fund-level observations) across 1,365 issuer names and 25 funds. They cover 12,674 distinct proposals: one proposal voted by twenty of its funds is twenty ballot items here and one proposal. Proposals are counted per issuer name and meeting, and wordings of the same director nominee are counted once; two different wordings of any other proposal count twice, so this is an upper bound. A fund that reported several directions for the same item is a split vote, counted on its own (see the table below) and not collapsed into the larger direction. “Issuer names” is literal: filers spell the same company several ways and those are counted separately here, so this runs higher than the number of distinct companies.
Share counts are not used anywhere on this page.: Share figures in N-PX carry their own long list of corrections in this dataset, and a share-weighted rate would inherit every one of them. Every percentage here is a count of items.
Abstentions are reported, never hidden inside a percentage.: On the board’s own proposals an abstention or a withheld vote is not support, so it is in the denominator of the FOR figure and not in its numerator. On shareholder proposals an abstention is neither support nor opposition, so it is excluded from the denominator and shown on its own.
311 items are outside both headline figures.: Besides the table rows neither figure uses:

Excluded	Items	Why
Not voted	0	Reported as not voted, take no action or do not vote. No position was expressed, so there is nothing to count.
Other ballot type	162	Frequency ballots (one / two / three years) and anything else that is not a FOR, AGAINST, abstention or withhold.
Direction indeterminate	0	The fund reported several directions for one ballot item with no shares attached to any of them, so which way it voted cannot be established.
Split vote	149	The fund voted its shares in more than one direction on the item (for example some FOR and some AGAINST), the smaller part at least 5% of its shares. It is not collapsed into the larger part.

About this page

Every figure is derived from Form N-PX, the filing in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes). Figures are rebuilt weekly; this page was built on October 13, 2026. The interactive database shows the same votes company by company, including every individual fund.

Direxion Shares ETF Trust proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).