Direxion Daily S&P 500 Bear 3XDirexion Daily S&P 500 Bear 3XDirexion Daily S&P 500 Bear 3X

Direxion Daily S&P 500 Bear 3X

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Key stats


Assets under management (AUM)
‪444.65 M‬USD
Fund flows (1Y)
‪40.78 M‬USD
Dividend yield (indicated)
5.96%
Discount/Premium to NAV
−0.06%
Shares outstanding
‪77.28 M‬
Expense ratio
1.02%

About Direxion Daily S&P 500 Bear 3X


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Home page
Inception date
Nov 5, 2008
Structure
Open-Ended Fund
Index tracked
S&P 500
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
SPXS is an extremely aggressive bet against the S&P 500, promising to provide -300% of the index's return for a one-day period. The fund, like most geared inverse products, is designed to deliver its 3x inverse exposure to the S&P 500a cap-weighted basket of 500 of the largest firms in the USfor one trading day. Holding it for a period longer than that will introduce the effects of compounding, a dynamic that's increasingly pronounced as you add more leverage to the strategy. If the fund is held more than one day, your position will need to be adjusted daily to maintain the -3x multiple. Investors should be comfortable with not just the mechanics of the portfolio but the counterparty risk it takes on to get its exposure: SPXS holds swaps on the index to achieve its goals.

Classification


Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Broad-based
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Market cap
Selection criteria
Committee
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings

See all ideas 

Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to SPXS via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SPXS trades at 5.49 USD today, its price has fallen −6.09% in the past 24 hours. Track more dynamics on SPXS price chart.
SPXS net asset value is 5.40 today — it's fallen 19.12% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
SPXS assets under management is ‪444.65 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
SPXS price has fallen by −21.05% over the last month, and its yearly performance shows a −35.79% decrease. See more dynamics on SPXS price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −19.12% over the last month, showed a −10.37% decrease in three-month performance and has decreased by −34.00% in a year.
SPXS fund flows account for ‪40.78 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SPXS invests in cash. See more details in our Analysis section.
SPXS expense ratio is 1.02%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
SPXS is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, SPXS technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SPXS shows the strong sell signal. See more of SPXS technicals for a more comprehensive analysis.
Yes, SPXS pays dividends to its holders with the dividend yield of 5.96%.
SPXS trades at a premium (0.06%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
SPXS shares are issued by Rafferty Asset Management LLC
SPXS follows the S&P 500. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 5, 2008.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.