Key stats
About Direxion Emerging Markets Bear 3X Shares
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Inception date
Dec 17, 2008
Structure
Open-Ended Fund
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
EDZ provides inverse exposure to the widely followed MSCI Emerging Markets Index, leveraged by a factor of three. The underlying index strongly represents financial and technology firms in emerging markets, particularly concentrated in China, South Korea, and Taiwan. EDZ is to some extent a bet against those sectors and those markets. EDZ is designed to provide 3x inverse exposure to the index for one day, not for an extended period. In fact, investors interested in EDZ should look long and hard at the prospectus to get a complete understanding of the path-dependent nature of its returns. Investors who use it for longer than a day could get results that differ greatly from -300%. Also, consider that EDZ is designed to be a short-term trading vehicle, not a long-term investment, so trading costs have a bigger impact than the expense ratio.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Symbol
Assets
U
U.S. Dollar
100.00%
Top 10 weight100.00%
1 total holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
EDZ last dividends amounted to 0.10 USD. The quarter before, the issuer paid 0.03 USD in dividends, which shows a 71.01% increase.
EDZ assets under management is 16.78 M USD. It's fallen 17.09% over the last month.
EDZ fund flows account for 4.97 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, EDZ pays dividends to its holders with the dividend yield of 5.80%. The last dividend (Apr 1, 2025) amounted to 0.10 USD. The dividends are paid quarterly.
EDZ shares are issued by Rafferty Asset Management LLC under the brand Direxion. The ETF was launched on Dec 17, 2008, and its management style is Passive.
EDZ expense ratio is 1.61% meaning you'd have to pay 1.61% of your investment to help manage the fund.
EDZ follows the MSCI EM (Emerging Markets). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
EDZ invests in cash.
EDZ price has fallen by −21.90% over the last month, and its yearly performance shows a −28.35% decrease. See more dynamics on EDZ price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −21.00% over the last month, showed a −13.31% decrease in three-month performance and has decreased by −25.28% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −21.00% over the last month, showed a −13.31% decrease in three-month performance and has decreased by −25.28% in a year.
EDZ trades at a premium (0.22%) meaning the ETF is trading at a higher price than the calculated NAV.