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Basics
Direxion Daily Financial Bear 3x Shares
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Russell 1000® Financial Services Index. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index is a subset of the Russell 1000® Index that measures the performance of the securities classified in the financial services sector of the large-capitalization U.S. equity market. It is non-diversified.
IPO Date: November 6, 2008
Sector: 3x Bear Financials
Activated in VL: True
Average Daily Range
Avg Daily Range: $0.65 | 2.40%
Avg Daily Range (30 D): $0.29 | 4.31%
Avg Daily Range (90 D): $0.18 | 2.85%
Institutional Daily Volume
Avg Daily Volume: 14.47M
Avg Daily Volume (30 D): 32.27M
Avg Daily Volume (90 D): 26.05M
Trade Size
Avg Trade Size (Sh.): 425
Avg Trade Size (Sh.) (30 D): 1,337
Avg Trade Size (Sh.) (90 D): 1,487
Institutional Trades
Total Inst.Trades: 18,560
Avg Inst. Trade: $.82M
Avg Inst. Trade (30 D): $.89M
Avg Inst. Trade (90 D): $.98M
Avg Inst. Trade Volume: M
Avg Inst. Trades (Per Day): 7
Market Closing Trades
Avg Closing Trade: $.97M
Avg Closing Trade (30 D): $1.42M
Avg Closing Trade (90 D): $1.42M
Avg Closing Volume: 8.79K
       
News
Apr 15, 2024 @ 12:00 PM
4 Best Inverse/Leveraged ETF Areas of Last Week
Source: Sanghamitra Saha
Aug 9, 2023 @ 12:00 PM
Moody's Downgrade 10 U.S. Banks: ETF Strategies to...
Source: Sanghamitra Saha
Apr 26, 2023 @ 12:00 PM
Should You Stay Away from Bank ETFs Following Buff...
Source: Sanghamitra Saha
Mar 16, 2023 @ 3:15 PM
How to Profit From Banking Carnage With Inverse ET...
Source: Sweta Killa
Jun 20, 2022 @ 12:16 PM
Winning Inverse ETFs in S&P 500's Worst Week Since...
Source: Sanghamitra Saha
Splits
Mar 02, 2021:   8:1
Jun 28, 2019:   5:1
Oct 01, 2015:   4:1
Apr 02, 2013:   4:1
Feb 24, 2011:   5:1
Jul 09, 2009:   10:1