UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of ~~The~~the Securities Exchange Act of 1934

Date of Report: ~~October~~December 610, 2014

Direxion Shares ETF Trust II

(Exact name of registrant as specified in its charter)

Delaware

001-36392

27-6710917

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

~~Eric~~Daniel WD. ~~Falkeis~~O’Neill

1301 Avenue of the Americas (6th Avenue),

35th Floor

New York, New York 10019

(866) 476-7523

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 83.01 ~~Other~~Notice ~~Events~~of Delisting.

~~Attached~~On asDecember 26, ~~Exhibit~~2014 ~~99.1~~shares toof ~~this~~the ~~Current~~Direxion ~~Report~~Daily onGold ~~Form~~Bear ~~8-K~~3X ~~and~~Shares ~~incorporated~~(the “Fund”) ~~herein~~will ~~by reference~~cease ~~are~~trading on the ~~audited~~NYSE ~~Financial~~Arca, ~~Statements~~Inc. ofand ~~Direxion~~be ~~Asset~~closed ~~Management,~~to ~~LLC~~new investors as of the close of regular trading. On or about December 3130, ~~2013~~2014, ~~and~~ the ~~related~~Fund ~~statement~~will ofliquidate ~~financial~~its ~~condition,~~assets ~~statement~~and ofdistribute ~~changes~~cash inpro ~~member’s~~rata ~~capital,~~to ~~and~~all ~~notes~~remaining shareholders towho ~~the~~have ~~financial~~not ~~statements~~previously ~~for the~~redeemed ~~period~~their ~~ended~~shares. Between December 3126, ~~2013~~2014 and December 30, 2014, there is no assurance that there will be a market for the Fund’s shares.

Item 9.01 Financial Statements and Exhibits.

ExhibitNo.		Description
99.1		Audited Financial Statements of Direxion Asset Management, LLC as of December 31, 2013

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: ~~October~~December 610, 2014

Direxion Shares ETF Trust II By: Direxion Asset Management, ~~LLC~~LLCas as Sponsor By: /s/ ~~Eric~~Daniel WD. ~~Falkeis~~O’Neill ~~Eric~~Daniel WD. ~~Falkeis~~O’Neill Principal Executive Officer

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