Direxion Daily S&P 500 Bear 3x Shares (SPXS)

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Fund Description

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 assets in: futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The index is a capitalization-weighted index composed of 500 domestic common stocks. The fund is non-diversified.

Fund Snapshot Updated 07.10.2014

Previous Close $25.71 Expense Ratio 0.95%
YTD Return 22.61% Avg. 30-Day Volume 1,288,909
1-Year Return 46.0% Market Cap Loading...
Bid $25.70 Shares Outstanding 8,925,000
Ask $25.71 Dividends $0.00

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