SPXS

Direxion Daily S&P 500 Bear 3x Shares

$37.24

+0.00%

Market closed. Last update: 11:56 AM ET

📎 Investment Objective

SPXS seeks to provide 3x daily inverse exposure to the performance of the S&P 500 Index, before fees and expenses. This means the fund aims to rise 3% for every 1% decline in the S&P 500.

Overview

ETF tracking Direxion Daily S&P 500 Bear 3x Shares

Category Leveraged

Issuer Other

Inception Date 2008-11-05

Market Cap N/A

Average Volume N/A

Dividend Yield 0.55%

52-Week Range $34.71 - $98.40

VWAP $37.44

Performance

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Price Chart

Investment Summary

📎 Investment Objective

SPXS seeks to provide 3x daily inverse exposure to the performance of the S&P 500 Index, before fees and expenses. This means the fund aims to rise 3% for every 1% decline in the S&P 500.

🎯 Investment Strategy

SPXS uses derivatives like futures contracts to obtain its leveraged short exposure to the S&P 500. The fund rebalances daily to maintain its 3x leverage target.

✨ Key Features

Provides 3x daily inverse exposure to the S&P 500 Index
Utilizes derivatives like futures to obtain leveraged short position
Rebalances daily to maintain 3x leverage target
Suitable for short-term tactical or speculative trading, not long-term investment

⚠️ Primary Risks

Extremely high volatility and risk due to 3x leverage
Potential for significant losses if the S&P 500 rises
Compounding effect can magnify losses over longer holding periods
Tracking error and deviation from 3x inverse target over time

👤 Best For

SPXS is a highly speculative and risky fund suitable only for experienced traders with a very short-term, tactical investment horizon. It is not recommended for long-term buy-and-hold investors.