Direxion Daily Regional Banks Bear 3X Shares (WDRW)
Direxion Daily Regional Banks Bear 3X Shares operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $40.76, up 9.36% on the session, giving a market capitalisation of $1.6M. Its beta of -4.49 implies it has historically moved less than the broad market.
This fund aims to achieve daily investment results that are three times the inverse (or opposite) of the daily performance of the S&P Regional Banks Select Industry Index, prior to accounting for fees and expenses. To accomplish this, the fund primarily allocates at least 80% of its net assets (including any borrowed capital) to financial instruments like swap agreements, futures contracts, and short positions, which collectively provide this inverse and leveraged exposure to the index. The underlying benchmark, the S&P Regional Banks Select Industry Index, is a modified equal-weighted index designed to measure the performance of stocks from the regional banks sub-industry, as defined by GICS, within the S&P Total Market Index. This fund is categorized as non-diversified.
Direxion Daily Regional Banks Bear 3X Shares is most often compared with the following Financial Services names: