Direxion Daily S&P 500 Bear 1x Shares (SPDN) Price, Holdings, & News

ETF Overview

The Direxion Daily S&P 500 Bear 1X Shares (SPDN) is an exchange-traded fund that is based on the S&P 500 index. The fund provides daily inverse exposure to the S&P 500, a market-cap-weighted index of 500 US large-cap firms selected by the S&Ps index committee. SPDN was launched on Jun 8, 2016 and is managed by Direxion.

Key Stats

• Today's Range: $10.81 to $10.96
• 50-Day Range: $10.72 to $11.38
• 52-Week Range: $10.70 to $13.57
• Volume: 12.84 million shs
• Average Volume: 4.89 million shs
• Market Capitalization: $172.04 million
• Assets Under Management: $141.80 million
• Dividend Yield: 1.48%
• Net Expense Ratio: 0.58%
• Aggregate Rating: N/A

SPDN ETF - Frequently Asked Questions

How have SPDN shares performed this year?

Direxion Daily S&P 500 Bear 1x Shares' stock was trading at $13.29 on January 1st, 2024. Since then, SPDN shares have decreased by 18.6% and is now trading at $10.82.
View the best growth stocks for 2024 here.

Who are Direxion Daily S&P 500 Bear 1x Shares' major shareholders?

Top institutional investors of Direxion Daily S&P 500 Bear 1x Shares include Kaydan Wealth Management Inc. (12.31%), Leuthold Group LLC (9.33%), One Plus One Wealth Management LLC (7.15%) and Maltin Wealth Management Inc. (0.34%).

How do I buy shares of Direxion Daily S&P 500 Bear 1x Shares?

Shares of SPDN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Direxion Daily S&P 500 Bear 1x Shares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Direxion Daily S&P 500 Bear 1x Shares investors own include BP Prudhoe Bay Royalty Trust (BPT), Gilead Sciences (GILD), Johnson & Johnson (JNJ), Pfizer (PFE), AbbVie (ABBV), General Dynamics (GD) and International Business Machines (IBM).

Fund Details

• Issuer: Direxion
• Fund Name: Direxion Daily S&P 500 Bear 1x Shares
• Tax Classification: Regulated Investment Company
• Stock Exchange: NYSEARCA
• Current Symbol: NYSEARCA:SPDN
• Inception Date: 6/8/2016
• Fund Manager: Paul Brigandi, Tony Ng
• Web: N/A
• Phone: N/A

Fund Focus

• Asset Class: Equity
• Benchmark: S&P 500 Index
• Category: Size and Style
• Focus: Large Cap
• Development Level: Developed Markets
• Region: North America
• Number of Holdings: 8

Fund Statistics

• Assets Under Management: $141.80 million
• Average Daily Volume: $7.57 million
• Discount/Premium: -0.02%
• Leveraged: -1.00

Administrator, Advisor and Custodian

• Administrator: U.S. Bancorp Fund Services, LLC
• Advisor: Rafferty Asset Management, LLC
• Custodian: The Bank of New York Mellon Corporation
• Distributor: Foreside Fund Services, LLC
• Transfer Agent: The Bank of New York Mellon Corporation
• Trustee: N/A
• Lead Market Maker: Virtu Financial

Options

• Optionable: Optionable
• Options Volume: 38
• Put Options: 35
• Call Options: 3
• Short Interest: 176,800 shs

Miscellaneous

• Outstanding Shares: 15,900,000
• Beta: -0.99
• Creation Unit: 50,000
• Creation Fee: $250.00