WDRW - Direxion Daily Regional Bnks Bear 3X ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
27.13
-1.66 (-5.77%)
At close: 3:45PM EST
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Previous Close28.79
Open27.43
Bid0.0000 x 1800
Ask0.0000 x 900
Day's Range26.91 - 27.59
52 Week Range19.69 - 57.90
Volume17,740
Avg. Volume6,293
Net Assets1.61M
NAV27.03
PE Ratio (TTM)N/A
Yield0.45%
YTD Return-42.77%
Beta (3Y Monthly)-4.20
Expense Ratio (net)0.99%
Inception Date2015-08-19
Trade prices are not sourced from all markets
  • Benzinga27 days ago

    Big Earnings Week Looms One of 2018's Most Disappointing Groups

    Last year, the Federal Reserve raised interest rates four times, but the S&P Regional Banks Select Industry Index (SPSIRBKT), a widely followed gauge of regional bank stocks, plunged 19 percent. In 2018, regional banks ran counter to a historically positive correlation to rising interest rates and Treasury yields as some investors fretted that the positive impact from rising rates was dwindling for bank stocks. “US banks should begin to see less and less benefit to earnings from rising short-term interest rates over the coming quarters,” Fitch Ratings says.

  • Benzinga2 months ago

    Investors' Disdain For Bank Stocks Could Lift These ETFs

    The number of investors that like bank stocks and the related exchange traded funds rapidly dwindling as the financial services sector ranks as one of this year's worst-performing groups in the S&P 500. “Outflows from the $21 billion Financial Select SPDR Fund, or XLF, are driving the record $9.2 billion that’s been pulled from all ETFs tracking financials this year,” reports Bloomberg. “Traders have also been closing out their bets in the $2.7 billion SPDR S&P Regional Banking ETF, which tracks an equal-weighted portfolio of banks stocks.

  • 5 Best Inverse Leveraged ETF Areas of 2018
    Zacks2 months ago

    5 Best Inverse Leveraged ETF Areas of 2018

    These inverse leveraged ETFs have logged sizable gains in 2018.

  • 7 Inverse ETFs That Soared More Than 70% in Q4
    Zacks2 months ago

    7 Inverse ETFs That Soared More Than 70% in Q4

    The myriad woes have resulted in huge demand for inverse or leveraged inverse ETFs for investors seeking to make big gains in a short span.

  • Profit From Bearish Financial Sector With Inverse ETFs
    Zacks2 months ago

    Profit From Bearish Financial Sector With Inverse ETFs

    Investors who are bearish on the sector right now may want to consider a near-term short.

  • 5 Leveraged/Inverse ETFs Soaring in December
    Zacks2 months ago

    5 Leveraged/Inverse ETFs Soaring in December

    Heightened volatility and uncertainty has raised the appeal for leveraged and inverse leveraged ETFs.

  • Inverse & Leveraged ETFs: What Investors Need to Know
    Zacks2 months ago

    Inverse & Leveraged ETFs: What Investors Need to Know

    Market volatility is back. Here is what investors need to know about using inverse & leveraged ETFs to make money from wild swings.

  • How To Profit From Market Volatility Using Inverse & Leveraged ETFs
    Zacks2 months ago

    How To Profit From Market Volatility Using Inverse & Leveraged ETFs

    Market volatility is back. Here is what investors need to know about using inverse & leveraged ETFs to make money from wild swings.

  • ETF Trends2 months ago

    Dissatisfied Investors Leave Regional Bank ETF

    The SPDR S&P Regional Banking ETF (KRE) , the largest regional bank exchange traded fund, just cannot seem to get out of its own way and some investors are not sticking around to see what comes next. Rising interest rates historically benefit regional banks, but that has not been the case this year. Higher interest rates would help widen the difference between what banks charge on loans and pay on deposits, which would boost earnings for the financial sector.

  • Bank Stocks in Bear Market: Short Sector With These ETFs
    Zacks2 months ago

    Bank Stocks in Bear Market: Short Sector With These ETFs

    Play these inverse financial ETFs as bank stocks slip into bear market.

  • Benzinga2 months ago

    One Bank ETF Worth Depositing With

    Leveraged exchange traded funds (ETFs) have some nifty tickers . In the case of one leveraged fund, aggressive traders may want to consider doing the opposite of what the ticker implies. With investors ...

  • ETF Trends4 months ago

    5 Best-Performing Inverse ETFs Thriving Off Volatility

    The fund 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). GASX seeks daily investment results worth 300% of the inverse of the daily performance of the ISE-Revere Natural Gas IndexTM. 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).

  • Benzinga4 months ago

    The One Regional Bank ETF Traders Should Like

    Regional banks, an industry group usually believed to be positively correlated to rising Treasury yields, are getting smacked even as the Federal Reserve boosts borrowing costs. The Fed has hiked interest rates three times this year with market observers widely expecting another increase of 25 basis points in December. KRE currently resides 19.59 percent below its 52-week high and 14.43 percent below its 200-day moving average, both of which can be seen as bearish signals.

  • ETF Trends4 months ago

    Encouraging Trends for Big Regional Banks

    Even with the benefit of three interest rate increases by the Federal Reserve, regional bank stocks and exchange traded funds are struggling this year. The iShares U.S. Regional Banks ETF (NYSEArca: IAT), ...

  • ETF Trends4 months ago

    It’s A Huge Week for Leveraged Bank ETFs

    Even with the benefit of three interest rate hikes by the Federal Reserve, moves expected to benefit banking stocks, regional bank equities and the related exchange traded funds are languishing this year. ...

  • ETF Trends4 months ago

    Bank Earnings Deluge Could be Huge For These ETFs

    An avalanche of third-quarter earnings reports from the lagging financial services sector are expected starting this week. With some analysts and sector observers not enthusiastic about banks’ near-term ...

  • ETF Trends5 months ago

    Latest Rate Hike Benefits Bears in Leveraged Regional Bank ETF

    Yesterday, the Federal Reserve confirmed the general consensus by the capital markets that interest rates were likely to rise as Fed Chairman Jerome Powell capped off a two-day monetary policy meeting with the announcement that the federal funds rate would increase by 25 basis points to 2.25. This didn't sit well for banks worried that the increased rates would pare down their lending businesses as the Direxion Daily Regional Bnks Bull 3X ETF (DPST)  lost 5.76% to end yesterday's market session. "Banking stocks closed lower on Wednesday after the Federal Reserve raised interest rates a quarter of a point, or 25 basis points, to 2%–2.25%," noted Market Realist's Andrew Brunton in an article.

  • ETF Trends5 months ago

    Bank, Financial Sector ETFs Could Continue to Lag Behind

    Bank and financial sector-related ETFs have been underperforming despite the rising interest rate environment, and the segment of the market may continue to drag its feet. The Financial Select Sector SPDR (XLF) rose 1.2% and SPDR S&P Bank ETF (KBE) gained 2.5% so far this year, whereas the S&P 500 increased 10.1%. Despite the Federal Reserve's intention to continue raising interest rates, Matt Maley, equity strategist at Miller Tabak, highlighted the recent underperformance in banks and issued a warning over the weakness, CNBC reports.

  • Benzinga7 months ago

    Another Leveraged Bank ETF With Upcoming Earnings Opportunities

    Second-quarter earnings from the financial services sector started flowing in last week, but that was just the start of the sector's earnings avalanche. Several of the largest U.S. money center banks and asset managers as well as a slew of their smaller counterparts deliver earnings reports this week. The S&P Regional Banks Select Industry Index, one of the most widely followed gauges of regional bank stocks, is up 3.40 percent year-to-date.

  • Bank ETFs Fail to Rally Despite a Hawkish Fed: Here's Why
    Zacks8 months ago

    Bank ETFs Fail to Rally Despite a Hawkish Fed: Here's Why

    Flattening of the yield curve weighed on bank ETFs despite a hawkish Fed.

  • ETF Trends9 months ago

    Possibilities With Leveraged Financial ETFs

    The financial services sector has had its shares of struggles this year, vexing investors even as interest rates rise and members of the sector report strong earnings. FAS seeks to deliver three time the daily performance of the Russell 1000 Financial Services Index. FAS has a bearish counterpart, the Direxion Daily Financial Bear 3X Shares (FAZ) .

  • ETF Trends10 months ago

    Regional Bank ETF Boosted by Rising Yields

    With Treasury yields continuing to flirt with the important 3% area, some rate-sensitive asset classes are benefiting, including regional bank stocks and the related exchange traded funds. The SPDR S&P ...

  • ETF Trends11 months ago

    Regional Bank ETFs: Sound Sector Bets

    The SPDR S&P Regional Banking ETF (NYSEArca: KRE), the largest regional bank exchange traded fund, has recently given back the bulk of its 2018 gains, but some analysts remain enthusiastic about the prospects ...

  • ETF Trends11 months ago

    Watching Regional Bank ETFs if Interest Rates Rise

    The SPDR S&P Regional Banking ETF (NYSEArca: KRE), the largest regional bank exchange traded fund, is up more than 10% year-to-date and some market observers believe regional bank stocks offer more upside. ...