Direxion Daily S&P 500 Bear 3X Shares logo

Direxion Daily S&P 500 Bear 3X Shares (SPXS)

Market Closed
9 Jul, 20:00
ARCA ARCA
$
4. 57
-0.09
-1.93%
$
368.3M Market Cap
0.47% Div Yield
44,440,400 Volume
$ 4.66
Previous Close
Day Range
4.56 4.65
Year Range
4.52 10.67
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Summary

SPXS closed today lower at $4.57, a decrease of 1.93% from yesterday's close, completing a monthly decrease of -17.06% or $0.94. Over the past 12 months, SPXS stock lost -25.93%.
SPXS pays dividends to its shareholders, with the most recent payment made on Dec 31, 2024. The next estimated payment will be in 3 months ago on Mar 31, 2025 for a total of $0.05.
Direxion Daily S&P 500 Bear 3X Shares has completed 5 stock splits, with the recent split occurring on Jan 11, 2021.
The company's stock is traded on 2 different exchanges and in various currencies, with the primary listing on ARCA (USD).

SPXS Chart

Chart

Chart with 60 data points.
The chart has 1 X axis displaying categories.
The chart has 2 Y axes displaying values, and values.
End of interactive chart.
SPXS: The Leveraged ETF That Could Make Or Break Your Portfolio

SPXS: The Leveraged ETF That Could Make Or Break Your Portfolio

Direxion Daily S&P 500® Bear 3X Shares ETF offers 3x daily inverse exposure to the S&P 500, making it suitable for short-term bearish trades amid rising geopolitical risks and volatility. Due to daily resets and compounding effects, SPXS is not appropriate for long-term holding; it's best used for disciplined, tactical trading only. Given current market uncertainty but long-term growth trends, I rate SPXS as a HOLD—useful for active traders, but not for buy-and-hold investors.

Seekingalpha | 2 weeks ago
Trade Wars Pushing These 2 ETFs in Different Directions

Trade Wars Pushing These 2 ETFs in Different Directions

Trade wars continue to fuel sell-offs in U.S. equities, pushing the S&P 500 down further. The optimism heading into 2025 is giving way to market uncertainty as the post-election rally in November 2024 has lost its momentum.

Etftrends | 2 months ago
SPXS: Time To Trim Downside Hedges (Rating Downgrade)

SPXS: Time To Trim Downside Hedges (Rating Downgrade)

The Direxion Daily S&P 500 Bear 3X Shares ETF seeks to deliver 300% (3x) the inverse return of the S&P 500 index. The ETF has surged in value as the S&P 500 retreats from extremely overvalued levels. I outline reasons for reducing hedges such as the SPXS, as well as why they may still make sense in the current environment.

Seekingalpha | 3 months ago

Direxion Daily S&P 500 Bear 3X Shares Dividends

Direxion Daily S&P 500 Bear 3X Shares logo
SPXS 6 months ago
Paid
Quarterly
$0.05 Per Share
Direxion Daily S&P 500 Bear 3X Shares logo
SPXS 9 months ago
Paid
Quarterly
$0.08 Per Share
Direxion Daily S&P 500 Bear 3X Shares logo
SPXS 25 Jun 2024
Paid
Quarterly
$0.12 Per Share
Direxion Daily S&P 500 Bear 3X Shares logo
SPXS 19 Mar 2024
Paid
Quarterly
$0.14 Per Share
Direxion Daily S&P 500 Bear 3X Shares logo
SPXS 21 Dec 2023
Paid
Quarterly
$0.1 Per Share

Direxion Daily S&P 500 Bear 3X Shares Earnings

SPXS have yet to publish their earning reports.
Direxion Daily S&P 500 Bear 3X Shares logo
SPXS 6 months ago
Paid
Quarterly
$0.05 Per Share
Direxion Daily S&P 500 Bear 3X Shares logo
SPXS 9 months ago
Paid
Quarterly
$0.08 Per Share
Direxion Daily S&P 500 Bear 3X Shares logo
SPXS 25 Jun 2024
Paid
Quarterly
$0.12 Per Share
Direxion Daily S&P 500 Bear 3X Shares logo
SPXS 19 Mar 2024
Paid
Quarterly
$0.14 Per Share
Direxion Daily S&P 500 Bear 3X Shares logo
SPXS 21 Dec 2023
Paid
Quarterly
$0.1 Per Share
SPXS have yet to publish their earning reports.

Direxion Daily S&P 500 Bear 3X Shares (SPXS) FAQ

What is the stock price today?

The current price is $4.57.

On which exchange is it traded?

Direxion Daily S&P 500 Bear 3X Shares is listed on ARCA.

What is its stock symbol?

The ticker symbol is SPXS.

Does it pay dividends? What is the current yield?

Yes, It pays dividends and the current yield is 0.47%.

What is its market cap?

As of today, the market cap is 368.3M.

Has Direxion Daily S&P 500 Bear 3X Shares ever had a stock split?

Direxion Daily S&P 500 Bear 3X Shares had 5 splits and the recent split was on Jan 11, 2021.

Direxion Daily S&P 500 Bear 3X Shares Profile

ARCA Exchange
US Country

Overview

The discussed fund operates within the financial sector, focusing on leveraging investment strategies that seek to inversely replicate, by 3 times (3X), the daily performance of a specified market index. This market index is notably characterized by its float-adjusted and market capitalization-weighted approach. The fund primarily invests in a variety of financial instruments such as swap agreements, futures contracts, and maintains the capability to establish short positions to achieve its investment objective. A notable aspect of this fund is its decision to invest at least 80% of its net assets (including amounts borrowed for investment purposes) in instruments that provide these inverse exposures. It is structured as a non-diverse entity, choosing to concentrate on a narrow range of investments rather than spreading its risk across a wider array of assets.

Products and Services

The fund offers a specialized financial product geared toward sophisticated investors who seek exposure to inverse market performance. Below is a delineation of its primary services:

  • Swap Agreements: These are derivative contracts through which two parties exchange financial instruments or cash flows based on a specified index or asset. The fund utilizes these swaps to gain inverse exposure to market movements, effectively betting against the performance of the underlying index.
  • Futures Contracts: Futures contracts are standardized agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specific future date. The fund invests in these contracts to magnify its inverse position relative to the market or ETFs tracking the market index, adhering to its investment strategy of providing 3X daily inverse exposure.
  • Short Positions: Taking a short position involves selling a borrowed asset with the intention of buying it back later at a lower price. This method is used by the fund to capitalize on anticipated declines in the market index or the ETFs it aims to inversely replicate. The strategy aligns with the objective of profiting from downward movements in the index.

Contact Information

Address: 1301 Avenue of the Americas
Phone: NA