Direxion Daily S&P 500® Bear 3X Shares
SPXS
NYSE Arca
Rating
Fund Information
ETF
Services Offered
None
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Performance
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Company Information
Direxion Funds
Paul Brigandi (15), Tony Ng (8)
Direxion Funds
1301 Avenue Of The Americas ( 6th Avenue)
New York NY - 10019
1301 Avenue Of The Americas ( 6th Avenue)
New York NY - 10019
United States
646-572-3390
Investment Strategy
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the S&P 500® Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, including swap agreements, futures contracts, or short positions, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to exchange traded funds (“ETFs”) that track the index, consistent with the fund’s investment objective. The index is a float-adjusted, market capitalization-weighted index. The fund is non-diversified.