Direxion Daily S&P 500 Bear 3x Shares (SPXS)
- Equity | Large-Cap Funds
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the S&P 500® Index. The fund normally creates short positions by investing at least 80% of its net assets in: futures contracts; options on securities, indices and futures contracts; equity caps, collars and floors; swap agreements; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that provide leveraged and unleveraged exposure to the index. The S&P 500® Index is a capitalization-weighted index composed of 500 domestic common stocks. The fund is non-diversified.
Fund Snapshot Updated 05.21.2013
|Previous Close||$9.93||Expense Ratio||0.95%|
|YTD Return||41.3%||Avg. 30-Day Volume||3,224,186|
|1-Year Return||58.5%||Market Cap||Loading...|