SPDN Direxion Daily S&P 500 Bear 1x Shares ETF

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SPDN Direxion Daily S&P 500 Bear 1x Shares ETF

Seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the performance of the S&P 500 Index.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?

$15.63  +0.07 (0.45%)
As of 08/09/2022 14:08:54 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:  -1.00
Inception date:  06/08/2016
Index tracking method: Passive replication
Current yield:  0.00%
Historical average yield:  0.62%
Market cap:  $374,031,721
Average volume:  3,392,342
Fees:     0.5600%

Index Information
S&P 500 Index
Index symbol:  SPX
Provider:   S&P Dow Jones
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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