Direxion Daily S&P 500 Bear 1X ETF (SPDN)
Direxion Daily S&P 500 Bear 1X 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 $8.44, down 0.24% on the session, giving a market capitalisation of $207.2M. Its beta of -0.98 implies it has historically moved less than the broad market.
The Direxion Daily S&P 500 Bear 1X ETF (SPDN) aims to provide daily investment returns that mirror the S&P 500 Index's performance in the opposite direction. Specifically, its objective is to deliver 100% of the S&P 500's inverse daily movement, excluding its own fees and expenses. It is important to note, however, that the fund does not guarantee it will consistently achieve this stated daily target.
Direxion Daily S&P 500 Bear 1X ETF is most often compared with the following Financial Services names: