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Direxion Daily S&P 500 Bear 1X Shares declares quarterly distribution of $0.1153
Seeking Alpha News (Tue, 22-Sep 11:46 AM ET)
The Fund seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of the S&P 500 Index (the "Index"). The Index is designed to be comprised of stocks that are the 500 leading, large-cap U.S.-listed issuers. S&P Dow Jones Indices selects constituents on the basis of market capitalization, financial viability of the company, sector representation, public float, liquidity and price of a company's shares outstanding. The Index is a float-adjusted and market capitalization-weighted index. The Fund, under normal circumstances, invests at least 80% of the Fund's net assets (plus borrowing for investment purposes) in financial instruments, including swap agreements, futures contracts, or short positions, that, in combination, provide 1X daily inverse (opposite) or short exposure to the Index or to exchange-traded funds ("ETFs") that track the Index, consistent with the Fund's investment objective.
Direxion Daily S&P 500 Bear 1X ETF trades on the ARCA stock market under the symbol SPDN.
As of September 22, 2026, SPDN stock price climbed to $8.35 with 14,099,210 million shares trading.
SPDN has a beta of -1.00, meaning it tends to be less sensitive to market movements. SPDN has a correlation of 1.00 to the broad based SPY ETF.
SPDN has a market cap of $214.18 million. This is considered a Small Cap stock.
In the last 3 years, SPDN traded as high as $15.58 and as low as $8.33.
SPDN has underperformed the market in the last year with a price return of -11.2% while the SPY ETF gained +17.6%. SPDN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.5% and -1.9%, respectively, while the SPY returned +3.8% and +0.6%, respectively.
SPDN support price is $8.29 and resistance is $8.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPDN shares will trade within this expected range on the day.