Symbols

SPDN

Direxion Daily S&P 500 Bear 1X Shares·ARCA

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Key Stats

Assets Under Management

210.54MUSD

Fund Flows (1Y)

110.03MUSD

Dividend Yield

4.77%

Discount/Premium to NAV

-0.06%

Shares Outstanding

22.60M

Expense Ratio

0.47%

About Direxion Daily S&P 500 Bear 1X Shares

Issuer

Rafferty Asset Management, LLC

Brand

Direxion

Home Page

https://www.direxion.com/product/daily-sp-500-bear-1x-etf

Inception Date

Jun 8, 2016

Structure

Open-Ended Fund

Index Tracked

S&P 500

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Rafferty Asset Management LLC

Distributor

Foreside Fund Services LLC

SPDN offers a one-day bet against the S&P 500. With its committee-selected holdings across various industry groups, the index effectively captures the US large-cap space. This covers approximately 80% of the US investable universe. The constituents are then market-cap-weighted and rebalanced on a quarterly basis. Like most geared ETFs, the fund is designed to deliver its inverse exposure to the underlying index for one trading day only. Long-term returns could materially differ from those of the underlying index due to daily compounding. As such, SPDN is inherently a short-term tactical instrument and not a long-term investment vehicle.