Direxion Daily S&P 500 Bear 3X Shares
(SPXS)
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8.56 USD -0.01
Closed: 17 May, 3:55 pm
Symbol SPXS
Market Cap 571M
Price 8.56
Open 8.59
52-wk High 18.09
50 Day Avg 9.29
Earnings Announcement 2024-05-18
Website https://www.direxion.com/product/daily-sp-500-bull-bear-3x-etfs
Name Direxion Daily S&P 500 Bear 3X Shares
Shares Outstanding 66,707,477
Change % -0.4651%
Low 8.56
52-wk Low 8.45
200 Day Avg 12.20
Last Dividend 0.56
Exchange AMEX
Volume 17,521,587
Previous Close 8.60
High 8.67
EPS 0.00
PE 0.00
Avg Volume 28,268,706
CUSIP
Direxion Daily S&P 500 Bear 3X Shares Outlook
Description The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index is a float-adjusted, market capitalization-weighted index. The fund is non-diversified.
Currency USD
ISIN US25460E2651
Industry Asset Management - Leveraged
Changes -0.04
CUSIP
Range 8.45 - 18.09
Beta -2.95
CIK 0001424958

Direxion Daily S&P 500 Bear 3X Shares News

17-May-2024 1:27 PM

Keep These 2 ETFs Handy in Case of a Market Correction

When stock market indexes experience sharp drawdowns, it can hit traders swiftly and unexpectedly. That said, market navigators can prepare themselves and potentially profit using inverse ETFs; two ETFs in particular from Direxion Investments.

18-Apr-2024 9:16 AM

Bear Market Funds to Watch This Year

As investors search for safe havens in volatile markets, bear market funds are gaining popularity as a diversified asset class designed to withstand exceptionally volatile markets. While bear market funds can be appealing during periods of economic downturn due to their potential to produce returns against market movements, these funds can also be exceptionally volatile and risky.

18-Apr-2024 9:16 AM

Bear Market Funds to Watch This Year

As investors search for safe havens in volatile markets, bear market funds are gaining popularity as a diversified asset class designed to withstand exceptionally volatile markets. While bear market funds can be appealing during periods of economic downturn due to their potential to produce returns against market movements, these funds can also be exceptionally volatile and risky.

10-Apr-2024 9:13 AM

Rough Q2 Start Puts Bearish S&P 500 ETF in Play

The S&P 500 has been touching new highs after a rocky start to the first quarter of 2024, and is doing the same thing again at the start of Q2. While market corrections will happen invariably, it's a reminder that traders can always take advantage of any short-term weakness.

08-Apr-2024 9:55 AM

3 Bear ETFs to Consider as Treasury Yields Climb

Increased optimism in rate cuts may be slowly dissipating as the economy continues to run hot and inflation remains sticky. That opens opportunities in bearish exchange-traded funds (ETFs) as investors continue hoping for a rate cut that may not come as quickly as they had hoped for.

31-Mar-2024 11:47 AM

SPXS And SDS Drifts Compared, And Leveraged ETFs Dashboard

Direxion Daily S&P 500 Bear 3X Shares ETF is a popular instrument for shorting the market, but its daily -3X leverage factor causes drift. The reason why leveraged ETFs drift. Biotechnology, semiconductors, and precious metals ETFs show the largest drifts.

27-Mar-2024 11:09 AM

Best Bear Market Funds: Top 3 Investment Options to Consider

As investors search for safe havens in volatile markets, bear market funds are gaining popularity as a diversified asset class designed to withstand exceptionally volatile markets. While bear market funds can be appealing during periods of economic downturn due to their potential to produce returns against market movements, these funds can also be exceptionally volatile and risky.

12-Mar-2024 12:08 PM

Tech Choppiness, Corrections Create Inverse Opportunities

Any sliver of news that feeds into the higher-for-longer interest rates narrative will be an unwelcome guest for tech bulls. For traders looking to feed off bearishness, it's an opportunity to take advantage of inverse exchange traded funds (ETFs).

01-Mar-2024 10:33 AM

Increased Jobless Claims Could Fuel Rate Cuts & S&P 500

The markets these days have been especially sensitive to economic data, as any indication of weakness could mean rate cuts may finally be close. That, in effect, should also push the S&P 500 to even higher heights.

23-Feb-2024 9:21 AM

Volatility Spikes Offer Inverse Play on S&P 500

Investors have been basking in the sunlight of a year-end market rally in 2023 that appears to be continuing in 2024 after a slow start to January. However, a Fed that's keeping rates steady amid hotter-than-expected inflation is allowing volatility to spike, but offers a potential inverse ETF play for traders.

22-Jan-2024 10:22 AM

Wall Street Banks Bump Up Their Year-End S&P 500 Forecasts

Just a few weeks into 2024, Wall Street banks are already increasing their year-end S&P 500 forecasts despite a low start. Strategists at UBS now expect the index to reach 300 points higher than their original forecast.