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NYSEARCA:SPXSDirexion Daily S&P 500 Bear 3X Shares Stock Price, Forecast & News

$9.44
-0.06 (-0.63 %)
(As of 05/22/2020 04:00 PM ET)
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Today's Range
$9.43
Now: $9.44
$9.66
50-Day Range
$9.50
MA: $11.65
$18.08
52-Week Range
$9.22
Now: $9.44
$28.85
Volume26.96 million shs
Average Volume38.48 million shs
Market Capitalization$1.21 billion
P/E RatioN/A
Dividend Yield1.97%
BetaN/A
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.7Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.87 out of 5 stars


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$1.22 billion
Average Daily Volume$52.12 million
Discount/Premium-0.02%

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

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Currency Exposure of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Frequently Asked Questions

How has Direxion Daily S&P 500 Bear 3X Shares' stock been impacted by COVID-19 (Coronavirus)?

Direxion Daily S&P 500 Bear 3X Shares' stock was trading at $18.96 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SPXS stock has decreased by 50.2% and is now trading at $9.44. View which stocks have been most impacted by Coronavirus.

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. Shareholders of record on Tuesday, December 24th will be paid a dividend of $0.0368 per share on Tuesday, December 31st. This represents a $0.15 annualized dividend and a dividend yield of 1.56%. 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?

News articles about SPXS stock have been trending extremely negative recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Direxion Daily S&P 500 Bear 3X Shares earned a news sentiment score of -4.5 on InfoTrie's scale. They also gave headlines about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next several days. View the latest news aboutDirexion Daily S&P 500 Bear 3X Shares.

What other stocks do shareholders of Direxion Daily S&P 500 Bear 3X Shares own?

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."

Who are Direxion Daily S&P 500 Bear 3X Shares' major shareholders?

Direxion Daily S&P 500 Bear 3X Shares' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include IMC Chicago LLC (0.61%), Simplex Trading LLC (0.43%), Traynor Capital Management Inc. (0.26%), Morgan Stanley (0.19%), Tower Research Capital LLC TRC (0.16%) and Cypress Capital Management LLC WY (0.12%).

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 IMC Chicago LLC, Simplex Trading LLC, Traynor Capital Management Inc., Cypress Capital Management LLC WY, Morgan Stanley, Tower Research Capital LLC TRC , Hollencrest Capital Management, and SeaCrest 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 $9.44.

How big of a company is Direxion Daily S&P 500 Bear 3X Shares?

Direxion Daily S&P 500 Bear 3X Shares has a market capitalization of $1.21 billion.

What is Direxion Daily S&P 500 Bear 3X Shares' official website?

The official website for Direxion Daily S&P 500 Bear 3X Shares is www.direxionshares.com.

This page was last updated on 5/25/2020 by MarketBeat.com Staff

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