Summary
SPDN Chart
Betting Against The Market With The SPDN ETF
The SPDN ETF offers a way to bet against the market, moving inversely to the S&P 500, but it's not for long-term holding. Market's muted response to rate cuts suggests they're already priced in; high S&P 500 P/E ratio supports this sentiment. Weak economic data, potential oil price spikes, and slowing consumer demand could negatively impact market valuations and company earnings.
Direxion's Inverse ETF SPDN Allows Investors To Profit From Market Carnage
Wall Street is on the verge of inking a conspicuous downcycle for the week, with the major indices flashing red in late-afternoon trading on Friday. The benchmark S&P 500 is down about 0.7% against Thursday's close, and is about to book a loss of more than 2% for the business week ending July 19.
Direxion Daily S&P 500 Bear 1X Shares Dividends
 SPDN In 2 months Estimated | Quarterly | $0.14 Per Share |
| SPDN 1 weeks ago Paid | Quarterly | $0.14 Per Share |
| SPDN 3 months ago Paid | Quarterly | $0.08 Per Share |
| SPDN 6 months ago Paid | Quarterly | $0.14 Per Share |
| SPDN 9 months ago Paid | Quarterly | $0.15 Per Share |
| SPDN 25 Jun 2024 Paid | Quarterly | $0.16 Per Share |
Direxion Daily S&P 500 Bear 1X Shares Earnings
| SPDN In 2 months Estimated | Quarterly | $0.14 Per Share |
| SPDN 1 weeks ago Paid | Quarterly | $0.14 Per Share |
| SPDN 3 months ago Paid | Quarterly | $0.08 Per Share |
| SPDN 6 months ago Paid | Quarterly | $0.14 Per Share |
| SPDN 9 months ago Paid | Quarterly | $0.15 Per Share |
| SPDN 25 Jun 2024 Paid | Quarterly | $0.16 Per Share |
Direxion Daily S&P 500 Bear 1X Shares (SPDN) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
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Has Direxion Daily S&P 500 Bear 1X Shares ever had a stock split?
Direxion Daily S&P 500 Bear 1X Shares Profile
| ARCA Exchange | US Country |
Overview
This company operates within the financial market, particularly focusing on providing investment opportunities that inversely mirror the performance of the 500 leading, large-cap U.S.-listed issuers. It primarily targets investors looking for ways to bet against the performance of these leading companies for reasons such as hedging or speculative investment strategies. The firm is characterized by its non-diversified investment approach, investing a substantial portion of its assets in financial instruments like swap agreements, futures contracts, and short positions that are designed to achieve the opposite outcome of the daily movements of its targeted index or ETFs tracking the index.
Products and Services
- Swap Agreements
- Futures Contracts
- Short Positions
- Other Financial Instruments
These are contracts through which two parties exchange the cash flows or liabilities from two different financial instruments. The company uses these agreements to gain inverse exposure to the 500 leading, large-cap U.S.-listed issuers, aiming to benefit from declines in their market values.
A financial contract obligating the buyer to purchase an asset, or the seller to sell an asset, such as a physical commodity or a financial instrument, at a predetermined future date and price. The company employs these contracts to speculate on or hedge against the future price movements of the index it targets, in a manner that is inverse to its performance.
This investment technique involves selling securities borrowed from a broker with the aim of buying them back later at a lower price. The company utilizes short positions to profit from the anticipated declines in the prices of the securities that form the index of the 500 leading, large-cap U.S.-listed issuers.
The firm also invests in various other financial instruments that provide inverse or short exposure to its targeted index. These instruments are selected to combine and produce returns that align with the company’s investment objective.
Contact Information
