Direxion Daily S&P 500 Bear 3X Shares (SPXS) Price, Holdings, & News

ETF Overview

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.

Key Stats

• Today's Range: $4.13 to $4.20
• 50-Day Range: $4.17 to $5.32
• 52-Week Range: $4.13 to $10.67
• Volume: 23.92 million shs
• Average Volume: 69.52 million shs
• Market Capitalization: $429.13 million
• Assets Under Management: $438.96 million
• Dividend Yield: 6.05%
• Net Expense Ratio: 1.02%
• Aggregate Rating: N/A

SPXS ETF - Frequently Asked Questions

How have SPXS shares performed this year?

Direxion Daily S&P 500 Bear 3X Shares' stock was trading at $6.28 at the start of the year. Since then, SPXS shares have decreased by 34.2% and is now trading at $4.1350.

When did Direxion Daily S&P 500 Bear 3X Shares' stock split?

Direxion Daily S&P 500 Bear 3X Shares shares reverse split on the morning of Monday, January 11th 2021.The 1-10 reverse split was announced on Friday, December 4th 2020. The number of shares owned by shareholders was adjusted after the market closes on Friday, January 8th 2021. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Who are Direxion Daily S&P 500 Bear 3X Shares' major shareholders?

Direxion Daily S&P 500 Bear 3X Shares' top institutional shareholders include Jump Financial LLC (0.32%), SBI Securities Co. Ltd. (0.27%), Simplex Trading LLC (0.24%) and Squarepoint Ops LLC (0.18%).

How do I buy shares of Direxion Daily S&P 500 Bear 3X Shares?

Shares of SPXS 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.

What other stocks do shareholders of Direxion Daily S&P 500 Bear 3X Shares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Direxion Daily S&P 500 Bear 3X Shares investors own include Tesla (TSLA), NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Visa (V).

Fund Details

• Issuer: Direxion
• Fund Name: Direxion Daily S&P 500 Bear 3X Shares
• Tax Classification: Regulated Investment Company
• Stock Exchange: NYSEARCA
• Current Symbol: NYSEARCA:SPXS
• Inception Date: 11/5/2008
• Fund Manager: Paul Brigandi, Tony Ng
• Web: www.direxionshares.com
• 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: 32

Fund Statistics

• Assets Under Management: $443.82 million
• Average Daily Volume: $56.36 million
• Discount/Premium: 0.00%
• Leveraged: -3.00

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: 15,546
• Put Options: 3,608
• Call Options: 11,938
• Short Interest: 9,440,000 shs

Miscellaneous

• Outstanding Shares: 103,780,000
• Beta: -2.60
• Creation Unit: 50,000
• Creation Fee: $250.00