No press releases found.
Fed regional bank head vote helps ease central bank independence fears
Seeking Alpha News (Fri, 12-Dec 7:26 AM ET)
The Direxion Daily S&P 500 Bear 3X Shares (the "Fund") seeks daily inverse leveraged (-3X) investment results and is very different from most other exchange-traded funds. As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund's objective is to magnify the daily inverse performance of the S&P 500 Index (the "Index"). The return for investors that invest for periods longer or shorter than a trading day should not be expected to be -300% of the performance of the Index for the period. The return of the Fund for a period longer than a trading day will be the result of each trading day's compounded return over the period, which will very likely differ from -300% of the return of the Index for that period. Longer holding periods, higher volatility of the Index and leverage increase the impact of compounding on an investor's returns. During periods of higher Index volatility, the volatility of the Index may affect the Fund's return as much as, or more than, the return of the Index.
Direxion Daily S&P 500 Bear 3X trades on the ARCA stock market under the symbol SPXS.
As of December 17, 2025, SPXS stock price climbed to $36.76 with 2,056,233 million shares trading.
SPXS has a beta of -3.03, meaning it tends to be less sensitive to market movements. SPXS has a correlation of 0.98 to the broad based SPY ETF.
SPXS has a market cap of $375.59 million. This is considered a Small Cap stock.
In the last 3 years, SPXS traded as high as $235.50 and as low as $34.35.
SPXS has underperformed the market in the last year with a return of -32.6%, while the SPY ETF gained +12.6%. In the last 3 month period, SPXS fell short of the market, returning -6.0%, while SPY returned +2.7%. However, in the most recent 2 weeks SPXS has outperformed the stock market by returning +2.9%, while SPY returned -0.8%.
SPXS support price is $35.36 and resistance is $37.28 (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 SPXS shares will trade within this expected range on the day.