Direxion Daily S&P 500 Bear 3X Shares ETF, formerly Direxion Daily S&P 500 Bear 3X Shares, seeks daily investment results of 300% of the inverse (or opposite) of the price performance of the S&P 500 Index. The S&P 500 Index is a capitalization-weighted index composed of 500 domestic common stocks. Standard & Poor's selects the 500 stocks comprising the Index on the basis of market values and industry diversification. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange. It invests in sectors, such as information technology, financials, health care, consumer discretionary, consumer staples, energy, industrials, utilities, materials and telecommunication services. Rafferty Asset Management, LLC is the Fund's investment adviser.
Basic Details
Issuer Direxion
Fund NameDirexion Daily S&P 500 Bear 3X Shares
Tax ClassificationRegulated Investment Company
SymbolNYSEARCA:SPXS
Inception Date11/5/2008
Fund ManagerPaul Brigandi, Tony Ng
PhoneN/A
Fund Focus
Asset ClassEquity
BenchmarkS&P 500 Index
CategorySize and Style
FocusLarge Cap
Development LevelDeveloped Markets
RegionNorth America
Fund Statistics
Assets Under Management$493.53 million
Average Daily Volume$11.89 million
Discount/Premium0.00%
ETF Expenses
Management Fee0.75%
Other Expenses0.36%
Total Expenses1.11%
Fee Waiver-0.01%
Net Expenses1.10%
Administrator, Advisor and Custodian
AdministratorU.S. Bancorp Fund Services, LLC
AdvisorRafferty Asset Management, LLC
CustodianThe Bank of New York Mellon Corporation
DistributorForeside Fund Services, LLC
Transfer AgentThe Bank of New York Mellon Corporation
Trustee
Lead Market MakerVirtu Financial
Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Frequently Asked Questions
What is Direxion Daily S&P 500 Bear 3X Shares' stock symbol?
Direxion Daily S&P 500 Bear 3X Shares trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "SPXS."
How often does Direxion Daily S&P 500 Bear 3X Shares pay dividends? What is the dividend yield for Direxion Daily S&P 500 Bear 3X Shares?
Direxion Daily S&P 500 Bear 3X Shares declared a quarterly dividend on Monday, December 23rd. Investors of record on Tuesday, December 24th will be given a dividend of $0.0368 per share on Tuesday, December 31st. This represents a $0.15 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Monday, December 23rd. View Direxion Daily S&P 500 Bear 3X Shares' Dividend History.
Has Direxion Daily S&P 500 Bear 3X Shares been receiving favorable news coverage?
Press coverage about SPXS stock has been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Direxion Daily S&P 500 Bear 3X Shares earned a media sentiment score of 1.8 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Direxion Daily S&P 500 Bear 3X Shares.
What other stocks do shareholders of Direxion Daily S&P 500 Bear 3X Shares own?
Who are Direxion Daily S&P 500 Bear 3X Shares' major shareholders?
Direxion Daily S&P 500 Bear 3X Shares' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Canal Insurance CO (1.94%), IMC Chicago LLC (0.36%), Tower Research Capital LLC TRC (0.32%), Virtu Financial LLC (0.29%), Mariner LLC (0.19%) and Gainplan LLC (0.14%).
Which institutional investors are selling Direxion Daily S&P 500 Bear 3X Shares stock?
SPXS stock was sold by a variety of institutional investors in the last quarter, including IMC Chicago LLC, Tower Research Capital LLC TRC and Simplex Trading LLC.
Which institutional investors are buying Direxion Daily S&P 500 Bear 3X Shares stock?
SPXS stock was purchased by a variety of institutional investors in the last quarter, including Canal Insurance CO, Mariner LLC, Gainplan LLC, Virtu Financial LLC, Valley National Advisers Inc., UBS Group AG and Altium Wealth Management LLC.
How do I buy shares of Direxion Daily S&P 500 Bear 3X Shares?
Shares of SPXS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Direxion Daily S&P 500 Bear 3X Shares' stock price today?
One share of SPXS stock can currently be purchased for approximately $11.45.
How big of a company is Direxion Daily S&P 500 Bear 3X Shares?
What is Direxion Daily S&P 500 Bear 3X Shares' official website?
MarketBeat Community Rating for Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA SPXS)
| Community Ranking: | | 2.6 out of 5 ( ) |
| Outperform Votes: | | 47 (Thanks for Voting!) |
| Underperform Votes: | | 42 (Thanks for Voting!) |
| Total Votes: | | 89 |
