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Basics
Direxion Daily S&P Biotech Bear 3X
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the daily performance of the S&P Biotechnology Select Industry Index. The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) 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 designed to measure the performance of the biotechnology sub-industry based on the Global Industry Classification Standards ("GICS"). The fund is non-diversified.
IPO Date: May 28, 2015
Sector: 3x Bear Biotech
Activated in VL: True
Average Daily Range
Avg Daily Range: $1.06 | 4.28%
Avg Daily Range (30 D): $0.35 | 3.98%
Avg Daily Range (90 D): $0.40 | 4.39%
Institutional Daily Volume
Avg Daily Volume: 5.9M
Avg Daily Volume (30 D): 10.37M
Avg Daily Volume (90 D): 13.48M
Trade Size
Avg Trade Size (Sh.): 353
Avg Trade Size (Sh.) (30 D): 550
Avg Trade Size (Sh.) (90 D): 618
Institutional Trades
Total Inst.Trades: 3,462
Avg Inst. Trade: $.82M
Avg Inst. Trade (30 D): $.78M
Avg Inst. Trade (90 D): $.81M
Avg Inst. Trade Volume: .05M
Avg Inst. Trades (Per Day): 2
Market Closing Trades
Avg Closing Trade: $.95M
Avg Closing Trade (30 D): $1.4M
Avg Closing Trade (90 D): $1.4M
Avg Closing Volume: 58.15K
       
News
May 1, 2024 @ 4:00 PM
5 Inverse ETFs That Gained More Than 20% in April
Source: Sweta Killa
Apr 23, 2024 @ 12:00 PM
5 Best Inverse-Leveraged ETFs of Last Week
Source: Sanghamitra Saha
Mar 18, 2024 @ 12:00 PM
Best Inverse/Leveraged ETFs of Last Week
Source: Sanghamitra Saha
Mar 3, 2024 @ 7:12 AM
LABU: A Really Bad Drift
Source: Fred Piard
Nov 13, 2023 @ 1:00 PM
Best Inverse/Leveraged ETFs of Last Week
Source: Sanghamitra Saha
Splits
Aug 28, 2020:   1:20
Mar 29, 2018:   1:10