EquitySPXS

Direxion Daily S&P 500 Bear 3X

Ticker

SPXS

Asset Class

Equity

Assets Under Management

313.95M

Issuer

Direxion Funds

Inception Date

05-11-2008

Dividend Yield

5.10%

About This Fund

The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, including swap agreements, futures contracts, or short positions, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to exchange-traded funds (“ETFs”) that track the index, consistent with the fund’s investment objective. The index is a float-adjusted, market capitalization-weighted index. The fund is non-diver...