Overview
Description
The Direxion Daily Financial Bear 3x Shares is an exchange-traded fund (ETF) designed to provide triple inverse exposure, or 300% of the opposite, to the daily performance of the Russell 1000 Financial Services Index. Its primary function is to allow investors to profit from or hedge against declines in the U.S. financial sector, making it a potent tool during periods of market turbulence. Targeting sectors such as banking, insurance, and real estate, this ETF is particularly significant for those looking to capitalize on or protect themselves from downward trends in financial stocks. It is not intended for long-term investors due to the leveraged nature of the fund, which can amplify losses just as well as gains when held over extended periods. Instead, it serves a strategic role in portfolios during short-term market predictions or tactical movements against financial equities. The Direxion Daily Financial Bear 3x Shares plays a key role in risk management and speculative strategies among experienced traders.
About
Address
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Phone
866-476-7523
Website
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Instrument type
ETF
Country
United States
MIC code
ARCX