The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Russell 1000 ® Financial Services Index.
The fund, under normal circumstances, creates short positions by investing at least 80% of its assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The index is a subset of the Russell 1000 ® Index that measures the performance of the securities classified in the financial services sector of the large cap U.S. equity market. The fund is non-diversified.
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No recent news for Direxion Daily Financial Bear 3X Shares.
|1 month||-4.70%|| ||3 years||-58.89%|
|3 months||-14.91%|| ||5 years||-48.60%|
|1 year||-49.86%|| ||Since inception||-68.79%|
|Open day’s range||16.15 – 16.39|
|Net asset value (NAV)||16.43 (08/28/2014)|
|Average volume (3 months)||3,221,606|
Data as of 3:59pm ET, 08/29/2014
Peer Comparisonvs. Trading-inverse equity ETFs
|Performance 5-yr return||-48.60%||-35.97%|
|Expense Gross exp ratio||1.04%||0.96%|
|Risk 5 year sharpe ratio||-1.27||-1.20|
|Average market cap||--||$62.7B|
|Dividend / Share||--||0.38%|
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