Key stats
About Direxion Daily S&P 500 Bear 1X Shares
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Inception date
Jun 8, 2016
Structure
Open-Ended Fund
Replication method
Synthetic
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.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Direxion Daily S&P 500® Bear 1X Shares (SPDN)On daily chart, the SPND continues to create a series of higher lows and higher highs, which confirm current uptrend. It seems that, SPND is on his way to test the current resistance area that lies on 15.64 – 15.81$, which consider the level, that the SPDN need to break it to upside, to trigger it t
$SPDN Quarter 3 (Q3) AnalysisI believe that SPDN will form a new all-time low in Q4 with a drop below $13.90. For those who are bearish on the S&P, I drew the key price targets on the way up for those who are long SPDN. For now the EMA ribbon is acting as an area of resistance and a red resistance line that intersects with the
SPDN is Neutral after 6.5% Upswing
Starting in mid-July I starting giving market updates with a $13.90 price target for entering SPDN.
On July 27, SPDN presented that buy opportunity with a drop down to $13.85, just 5 cents under the price target (marked by the white circle).
Since July 27 SPDN had a 6.56% upswing that corres
Direxion Daily S&P 500 Bear 1X Shares Is The US market crash. Is The US market crash coming ?
We have 3 types of “crashes”
Correction <15% downward movement in a major indicy
Bear Market <20% downward movement in a major indicy
Black Swan event, something very unexpected that tanks the market, think 1987, 1929, challenger disaster, 911 and so on.
The fourt
SPDN SP500 HedgeIf you believe the SP500 market will trade lower, but still have bought the market. The SPDN gives a trader a way to limit their loss in case of failure.
A stop loss below 14.60 and a profit limit order above 15.62 means you could limit your loss if the SP500 trades lower below 4000.
SPDN seems to be a short sell for now SPDN has just reached the bottom of the last spike and it’s a crucial point in the stocks history. It can either do one of two things at the stocks spike support, or the same two things at the stocks base support. Really I think the safe thing to do is short so even if it stabilizes at the spike sup
SPDN to hedgeSo your 401k is back up to almost ATH but now you have anxiety what if the price crashes again? SPDN is your answer. A conservative way to short the market without short selling. Non-leveraged product, much less volatile than spxs. If you believe the market will be in downturn for longer use this ch
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SPDN trades at 10.91 USD today, its price has fallen −0.55% in the past 24 hours. Track more dynamics on SPDN price chart.
SPDN net asset value is 10.90 today — it's fallen 5.46% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
SPDN assets under management is 171.63 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
SPDN price has fallen by −6.69% over the last month, and its yearly performance shows a −11.37% decrease. See more dynamics on SPDN price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −5.46% over the last month, showed a −0.01% decrease in three-month performance and has decreased by −7.10% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −5.46% over the last month, showed a −0.01% decrease in three-month performance and has decreased by −7.10% in a year.
SPDN fund flows account for 13.20 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SPDN invests in cash. See more details in our Analysis section.
SPDN expense ratio is 0.47%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
SPDN is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, SPDN technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SPDN shows the sell signal. See more of SPDN technicals for a more comprehensive analysis.
Today, SPDN technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SPDN shows the sell signal. See more of SPDN technicals for a more comprehensive analysis.
Yes, SPDN pays dividends to its holders with the dividend yield of 4.83%.
SPDN trades at a premium (0.13%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
SPDN shares are issued by Rafferty Asset Management LLC
SPDN follows the S&P 500. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 8, 2016.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.