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SPXS Direxion Daily Large Cap Bear (3x) ETF

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SPXS Direxion Daily Large Cap Bear (3x) ETF

Seeks daily investment results before fees and expenses of 300% inverse, or opposite, of the price performance of the S&P 500 Index. SPXS will achieve its inverse leverage factor of 3.00 using swaps and other derivatives. Because the swaps and derivatives allow the fund to achieve its required leverage without using all of its cash, the fund will also typically have large amounts of excess cash invested in short-term investments.The Index is a capitalization-weighted index made up of 500 widely held large-cap U.S. stocks spread out among eleven sectors of the economy using the GCIS sector classification system. It is not the largest 500 companies in the U.S., but rather 500 companies picked by a committee at S&P. These experts consider various factors when determining the 500 stocks that are included in the index, including market size, liquidity and industry grouping. See more discussion of this index in our article what is the S&P 500 Index?

$19.99  -0.11 (-0.55%)
As of 03/23/2023 16:00:00 EST     IEX book   CBOE book

ETF Information
Sponsor:     Direxion Funds
Category1:  US Equity
Category2:  Broad market
Category3:  Large cap
Morningstar category:  Trading--Inverse Equity
Leverage factor:  -3.00
Inception date:  11/05/2008
Index tracking method: Passive replication
Current yield:  0.00%
Historical average yield:  0.00%
Market cap:  $926,075,091
Average volume:  33,980,262
Fees:     1.1000%

Index Information
S&P 500 Index
Index symbol:  SPX
Provider:   S&P Dow Jones
Total return index symbol:  SP500TR
Index weighting:   Market capitalization
Index inception date:  03/04/1957
Backtesting data exists:   No
Number of holdings:  500
Strategy:  Passive market cap indexing

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