Direxion Daily Real Estate Bear 3X ETF (DRV)
Direxion Daily Real Estate Bear 3X ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $22.26, up 0.91% on the session, giving a market capitalisation of $36.6M. Its beta of -2.56 implies it has historically moved less than the broad market.
The Direxion Daily Real Estate Bear 3X Shares (DRV) is a leveraged exchange-traded fund (ETF) that seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Real Estate Select Sector Index. This ETF is intended for sophisticated investors for short-term trading purposes to hedge against or profit from declines in the U.S. real estate investment trust (REIT) market. Due to the effects of daily compounding and leverage, it is not suitable for long-term investors.
Direxion Daily Real Estate Bear 3X ETF is most often compared with the following Financial Services names: