Overview
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/time_series
data via our API — starting from the
Basic plan and above.
Description
Direxion Daily S&P 500 Bear 3X Shares is a leveraged exchange-traded fund (ETF) designed to deliver returns equating to three times the inverse performance of the S&P 500 Index for a single trading day. Its primary function is to provide experienced investors with amplified returns during declining markets, effectively serving as a short-term hedging instrument. By offering leveraged inverse exposure to one of the most widely recognized benchmarks in the world, this ETF can play a crucial role in portfolios that aim to profit from short-term downward movements in the equity market or to protect against single-day losses in long positions. It impacts sectors across the broad spectrum that comprises the S&P 500, including technology, financials, healthcare, and consumer goods. Due to its leveraged and inverse nature, it is typically utilized as a tactical tool rather than a long-term investment vehicle, emphasizing the importance of monitoring daily market movements and trends. Direxion Daily S&P 500 Bear 3X Shares thus holds significance for those versed in active trading strategies within the financial markets.
About
Address
—
Phone
866-476-7523
Website
—
Instrument type
ETF
Country
Mexico
MIC code
XMEX