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

$8.31

-0.19 (-2.24 %)

(As of 06/4/2020 08:45 AM ET)

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Today's Range

$8.30

Now: $8.31▼

$8.55

50-Day Range

$8.31

MA: $10.28▼

$12.37

52-Week Range

$7.89

Now: $8.31▼

$28.85

Volume32.88 million shs

Average Volume38.88 million shs

Market Capitalization$1.10 billion

P/E RatioN/A

Dividend Yield2.26%

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.

Beat the Market (BTM) Rank^™

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Direxion Daily S&P 500 Bear 3X Shares.

2.7 Community Rank

Outperform Votes
Direxion Daily S&P 500 Bear 3X Shares has received 53 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Direxion Daily S&P 500 Bear 3X Shares has received 44 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Direxion Daily S&P 500 Bear 3X Shares has received 54.64% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Direxion Daily S&P 500 Bear 3X Shares and other stocks. Vote “Outperform” if you believe SPXS will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SPXS will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
Direxion Daily S&P 500 Bear 3X Shares is a leading dividend payer. It pays a dividend yield of 2.26%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Direxion Daily S&P 500 Bear 3X Shares does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Direxion Daily S&P 500 Bear 3X Shares insiders have not sold or bought any company stock.

0.0 Earnings and Valuation

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

Webwww.direxionshares.com

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$1.10 billion

Average Daily Volume$46.74 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

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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 COVID-19 reached pandemic status according to the World Health Organization. Since then, SPXS stock has decreased by 56.2% and is now trading at $8.31. 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. 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 1.77%. The ex-dividend date of this dividend 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 stories about SPXS stock have trended very positive recently, according to InfoTrie. The research group scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Direxion Daily S&P 500 Bear 3X Shares earned a daily sentiment score of 4.0 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Direxion Daily S&P 500 Bear 3X Shares investors own include Direxion Daily Small Cap Bear 3X Shares (TZA), ProShares UltraPro Short QQQ (SQQQ), Tesla (TSLA), Netflix (NFLX), ProShares UltraPro QQQ (TQQQ), Walt Disney (DIS), Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG), Direxion Daily Gold Miners Index Bull 2x Shares (NUGT), Square (SQ) and Activision Blizzard (ATVI).

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 investors include IMC Chicago LLC (0.61%), Simplex Trading LLC (0.43%), Traynor Capital Management Inc. (0.26%), Morgan Stanley (0.19%), Morgan Stanley (0.19%) and Tower Research Capital LLC TRC (0.16%).

Which institutional investors are buying Direxion Daily S&P 500 Bear 3X Shares stock?

SPXS stock was acquired 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, Morgan Stanley, Tower Research Capital LLC TRC , and Hollencrest Capital Management.

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 $8.31.

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 $1.10 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 6/4/2020 by MarketBeat.com Staff