Direxion Daily Total Bond Market Bear 1X Shares (SAGG)
Direxion Daily Total Bond Market Bear 1X Shares operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in US. The stock last traded at $28.64, down 0.10% on the session, giving a market capitalisation of $2.9M. Its beta of -1.01 implies it has historically moved less than the broad market.
This fund's objective is to provide daily returns that, before accounting for fees and costs, precisely reflect the inverse (or negative) daily performance of the Bloomberg Barclays Capital US Aggregate Bond Index. Under typical market circumstances, it achieves this by deploying various financial instruments, including swap agreements, futures contracts, and short positions, which collectively establish an inverse or bearish exposure to the index equal to at least 80% of its net assets (factoring in any borrowed capital for investment). The benchmark index itself monitors the performance of the U.S. market for investment-grade, dollar-denominated, fixed-interest taxable debt securities. This fund is categorized as non-diversified.
Direxion Daily Total Bond Market Bear 1X Shares is most often compared with the following Financial Services names: