Company Name:: Direxion Daily S&P 500 Bear 3X Shares
Benchmark Index: S&P 500 Index
Ticker Symbol: SPXS
Types of Companies Included: Companies in the S&P 500.
Daily Target: -3x
Short ETF: This ETF attempts to produce investment results in the opposite direction of the index. If the S&P 500 Index goes up, the ETF is designed to go down. If the S&P 500 Index goes down, the ETF is designed to go up.
Leveraged ETF: This ETF is a leveraged ETF which means the ETF attempts to produce daily returns above the daily benchmark index results based on a multiplier. In the case of this ETF, the multiplier is -3x meaning the ETF is attempting to achieve 300% of the opposite performance of the benchmark index.
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