SPXS

Direxion Daily S&P 500 Bear 3X Shares

SPXS

$6.08arrow_drop_down1.61%-$0.09

Performance History

Key Stats
Open	$6.25
Prev. Close	$6.24
EPS	-
Dividend	Non-Dividend
Next Earnings Date	-
Dividend Yield %	-
Market Cap	$0.00
PE Ratio	-

	LOW	HIGH
Day Range	6.25	6.31
52 Week Range	5.84	18.09

Ratios
P/B Ratio	-
Revenue	-
Operating M. %	-
Earnings	-
Earnings Growth %	-
EBITDA Margin %	-
ROE %	-
EPS	-

About Direxion Daily S&P 500 Bear 3X Shares (SPXS)

The Direxion Daily S&P 500 Bear 3X Shares (SPXS) is an exchange-traded fund (ETF) that aims to provide investors with a return that is three times the inverse (-3x) of the daily performance of the S&P 500 Index. This means that if the S&P 500 Index decreases by 1% on a particular day, the SPXS ETF would aim to increase by approximately 3% on the same day. The fund accomplishes this by utilizing financial instruments such as futures contracts, options, and swap agreements.

The SPXS ETF is designed for investors who have a bearish outlook on the S&P 500 Index and believe that it will decline in value. It can be used as a hedging tool to protect a portfolio against market downturns or as a way to speculate on the inverse performance of the S&P 500 Index. However, it's important to note that the SPXS ETF seeks daily investment results and is not suitable for long-term investment strategies due to the compounding effect of its daily performance.