SPXS - Direxion Daily S&P 500 Bear 3X Shares
| Previous Close | 20.97 |
| Open | 20.68 |
| Bid | 21.01 x 800 |
| Ask | 0.00 x 1800 |
| Day's Range | 20.57 - 21.04 |
| 52 Week Range | 18.46 - 38.49 |
| Volume | 5,902,414 |
| Avg. Volume | 6,918,126 |
| Net Assets | 356.68M |
| NAV | 20.98 |
| PE Ratio (TTM) | N/A |
| Yield | 1.14% |
| YTD Return | -31.95% |
| Beta (3Y Monthly) | -2.88 |
| Expense Ratio (net) | 1.08% |
| Inception Date | 2008-11-05 |
- Zacks•23 hours ago
Inverse ETFs to Bet on as Trade War Fears Grip Markets
With the return of trade war fears, the Wall Street is likely to post losses for the first time in May in seven years. Investors could easily tap the opportune moment by going short on the S&P 500 Index.
- ETF Trends•2 months ago
S&P, Nasdaq Pacing for Best Quarter in Seven Years
Despite the Dow Jones Industrial Average looking at its fifth straight losing session last Friday, it’s easy to forget that the bull run in the stock market turned 10 years of age last weekend. The Dow fell 5.6 percent, while the S&P 500 was down 6.2 percent and the Nasdaq Composite declined 4 percent. 2018 marked the worst year for stocks since 2008 and only the second year the Dow and S&P 500 fell in the past decade.
- ETF Trends•3 months ago
Leveraged ETFs to Watch as S&P 500 Flirts with Resistance Level
Amid Monday's sell-off, the S&P 500 fellow below 2,800, which could signal the index has hit a key resistance level. Potential leveraged ETF plays in the Direxion Daily S&P500 Bull 3X ETF (SPXL) and the Direxion Daily S&P 500 Bear 3X ETF (SPXS) could have traders placing these ETFs on their watch lists. The S&P 500 opened the session at 2814.37, but closed the session at 2,792.81--down 0.77 percent on the day.
- ETF Trends•4 months ago
Traders Are Flocking to These Bearish ETFs
Entering Tuesday, the S&P 500 was sporting a year-to-date gain of nearly 3%. Data suggest traders are embracing inverse ETFs, including the ProShares Short S&P500 (SH) , one of the largest and most heavily traded inverse exchange traded funds in the U.S. Rather, the ProShares product is designed to deliver the daily inverse performance of the S&P 500.
- Zacks•4 months ago
Inverse Leveraged ETFs Swell With Assets: Alarm Bells Ringing?
Inverse leveraged S&P ETFs are gaining considerable assets of late. Is this an alarming sign for the markets?
- ETF Trends•4 months ago
Traders Flock to a Bearish S&P 500 ETF
The S&P 500 is rallying to start 2019, but some traders are expressing a different with the ProShares Short S&P500 (SH) , one of the largest and most heavily traded inverse exchange traded funds in the U.S. Rather, the ProShares product is designed to deliver the daily inverse performance of the S&P 500. For example, if the S&P 500 falls by 1% on a particular day, SH should rise by a similar amount.
- Zacks•5 months ago
Stocks Still Angry at the Fed; Drop Another 1.5%+
Stocks Still Angry at the Fed; Drop Another 1.5%+
- ETF Trends•5 months ago
Investor Fear Stokes Fire for Leveraged Bear ETF
As the S&P 500 fell 1.58 percent, SPXS fed off the declines with a 4.81 percent gain on Thursday. The markets were set adrift in a sea of red following Wednesday's announcement by the Federal Reserve that it will raise interest rates by another 25 basis points. Federal Reserve Chair Jerome Powell sent dovish signals with the prospect of only two rate hikes rather than three, but the capital markets apparently didn't see enough doves.
- ETF Trends•5 months ago
A Leveraged Bear ETF to Take Advantage of Investor Pessimism
S&P 500 bear traders are feeling optimistic about the pessimism retail investors are exhibiting, which makes a prime play for the Direxion Daily S&P 500 Bear 3X ETF (SPXS) . According to a survey by the American Association of Individual Investors, close to half feel the S&P 500 will be in negative territory in six months. The 48.9 percent who see the S&P 500 in the red in six months' time registers the highest reading since April 2013.
Zacks•5 months agoInverse & 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.
- Zacks•6 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 Trends•6 months ago
10 ETF Strategies to Stay Ahead of the Bearish Turn
As the equity market continues to pullback and more or less erase gains for the year, concerned investors can take on some exposure to bearish or inverse ETFs to hedge against further falls. For example, the ProShares Short S&P500 (SH) takes a simple inverse or -100% daily performance of the S&P 500 index. Alternatively, for the more aggressive trader, leveraged options include the ProShares UltraShort S&P500 ETF (SDS) , which tries to reflect the -2x or -200% daily performance of the S&P 500, the Direxion Daily S&P 500 Bear 3x Shares (SPXS) , which takes the -3x or -300% daily performance of the S&P 500, and ProShares UltraPro Short S&P 500 ETF (SPXU) , which also takes the -300% daily performance of the S&P 500.
- Investor's Business Daily•6 months ago
Inverse ETFs Offer Chance To Make Money When Stock Market Falls
Using inverse ETFs can offer a chance to make money even when the stock market is heading south. But how do they work and how safe are they?
- ETF Trends•6 months ago
S&P 500 Dips Below 200-Day Moving Average as ‘Death Cross’ Looms
Trade war fears seeped back into the markets as investor optimism surrounding the tariff war ceasefire between U.S. President Donald Trump and Chinese president Xi Jinping faded, causing the S&P 500 to dip below its 200-day moving average while the "death cross," a technical chart pattern term that could signal a major sell-off, looms. The Dow Jones Industrial Average fell over 700 points on Tuesday while the S&P 500 followed its lead, declining over 2%. As the S&P 500 crossed below its 200-day moving average, the 50-day moving average was in its sight, signaling a possible "death cross"--when a short-term moving average falls below the long-term moving average--a forecast that more pain could be ahead for U.S. equities.
- 7 months ago
ETF Plays for a Divided Midterm Elections
With a contentious midterms election season coming up, many anticipate a split government that could potentially impact the way ETF investors ride the markets ahead. Some expectations point to Democrats winning back the House of Representatives and the Republicans maintaining a narrow hold on the Senate - Republicans currently dominate both chambers. "If the consensus expectation of a divided government turns out to be correct, the most likely political consequences would be an increase in investigations and uncertainty surrounding fiscal deadlines," David Kostin, Goldman's chief U.S. equity strategist, said in a note.
- ETF Trends•7 months ago
U.S. Stock ETFs Should Shrug Off Volatility
While investors may be questioning their equity exposure after the recent bout of volatility, U.S. stock ETFs may still find support from strong fundamentals. Sam Stovall, Chief Investment Strategist of U.S. Equity Strategy at CFRA, pointed out in a recent research note that since October, the S&P 500 has witnessed a 40% surge in average intra-day volatility, compared to the first nine months of the year.
- ETF Trends•8 months ago
ETF Investors Shouldn’t Be Too Worried About October Jinx
Historically, the Dow Jones Industrial Average returned an average 0.6% over October, which has made it the seventh-best month of the year. The S&P 500 typically added 0.9% over October, which is also good enough for seventh place, with the same ratio of positive October months to negative ones as the Dow. Meanwhile, the Nasdaq Composite Index's October was historically the eighth-best month of the year, going back 46 years.
- ETF Trends•8 months ago
Bearish ETF Strategies to Help Hedge Midterm Volatility
Investors are turning to the options market to hedge bets ahead of the U.S. midterm elections. ETF investors can also plan for potential political risk ahead with bearish or inverse exchange traded funds. The fall months have traditional been a seasonally volatile period for the equity market, and this year, the midterm elections on November 6 will add to the uncertainty as voters head to the polls and determine whether Republicans will maintain control over Congress or lose ground to Democrats, writes Gunjan Banerji for the Wall Street Journal.
- ETF Trends•9 months ago
10 Alternative ETFs for a Historically Volatile Month of the Year
Equity investors who are wary of any further swings can look to alternative ETF strategies to limit the potential risks. According to data from "Stock Trader's Almanac," the month of September has been the worst performing month of the year for the Dow Jones Industrial Average and the S&P 500 since 1950, the worst for the Nasdaq since 1971, and the most difficult for the Russell 1000 and Russell 2000 since 1979, CNBC reports.
- ETF Trends•10 months ago
10 Inverse ETFs to Hedge Against Further Stock Market Risks
Morgan Stanley's chief U.S. equity strategist Michael Wilson warned the equity market is heading toward a destructive phase, CNBC reports. "The Nasdaq could correct by 15 percent plus, the S&P 500 probably goes down about 10 [percent]," Wilson told CNBC.
- InvestorPlace•10 months ago
Trump Slaps Further Tariffs: Profit From Inverse ETFs
Trade tensions, especially between the world’s two largest economies, have been playing foul on the stock market over the past several months. The new tariff will go into effect sometime after Aug 30. China’s commerce ministry called the U.S. actions “completely unacceptable” and warned of retaliatory moves.
- Zacks•10 months ago
Trump Slaps Further Tariffs: Profit from Inverse ETFs
The latest shot in the escalating trade dispute could prove to be catastrophic for stocks, thereby raising the appeal for inverse or leveraged inverse ETFs that could generate big gains in a short span.
