Direxion Daily S&P 500 Bear 3x Shares

SPXS

Market cap $422M

Overview Fund Activity

3.99 USD

0.00

0%

At close Updated Sep 12, 4:00 PM EDT

Pre-market

After hours

3.99

0.00

0%

1 day

0%

5 days

-4.09%

1 month

-5.67%

3 months

-21.61%

6 months

-45.34%

Year to date

-36.97%

1 year

-45.27%

5 years

-93.02%

10 years

-99.61%

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

56% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 9

13% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 15

4% more funds holding

Funds holding: 47 [Q1] → 49 (+2) [Q2]

8.58% less ownership

Funds ownership: 12.76% [Q1] → 4.19% (-8.58%) [Q2]

67% less capital invested

Capital invested by funds: $53.2M [Q1] → $17.5M (-$35.7M) [Q2]

76% less call options, than puts

Call options by funds: $5.65M | Put options by funds: $23.5M

See Fund Rankings

Financial journalist opinion

SPXS: Adding Downside Protection At All-Time Highs (Rating Upgrade)

The Direxion Daily S&P 500 Bear 3X Shares ETF benefits from near-term S&P 500 corrections but is a very poor long-term holding. After surging in value during the April 2025 market correction, the ETF is down significantly on the year, with the S&P 500 setting new all-time highs. In this article, I outline potential catalysts that may result in a correction in the S&P 500.

SPXS: Adding Downside Protection At All-Time Highs (Rating Upgrade)

SPXS: The Leveraged ETF That Could Make Or Break Your Portfolio

Direxion Daily S&P 500® Bear 3X Shares ETF offers 3x daily inverse exposure to the S&P 500, making it suitable for short-term bearish trades amid rising geopolitical risks and volatility. Due to daily resets and compounding effects, SPXS is not appropriate for long-term holding; it's best used for disciplined, tactical trading only. Given current market uncertainty but long-term growth trends, I rate SPXS as a HOLD—useful for active traders, but not for buy-and-hold investors.

SPXS: The Leveraged ETF That Could Make Or Break Your Portfolio

If a Cruel Summer Is Ahead, Consider This Inverse ETF

The dog days of summer don't apply to traders. Seeking profits is an all-season affair.

If a Cruel Summer Is Ahead, Consider This Inverse ETF

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SQQQ vs. SPXS: Which Inverse ETF Is a Better Buy?

The Direxion Daily S&P 500 Bear 3X Shares ETF (SPXS) is comparatively less risky but may offer less reward.

SQQQ vs. SPXS: Which Inverse ETF Is a Better Buy?

24/7 Wall Street

3 Best Inverse ETFs to Profit in a Market Crash

The SH and PSQ ETFs provide simple inverse exposure to major U.S. market indexes.

3 Best Inverse ETFs to Profit in a Market Crash

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5 Most Heavily Traded ETFs of the Past 3 Months

We have highlighted five ETFs that have seen higher average volumes over the past three months.

5 Most Heavily Traded ETFs of the Past 3 Months

Trade Wars Pushing These 2 ETFs in Different Directions

Trade wars continue to fuel sell-offs in U.S. equities, pushing the S&P 500 down further. The optimism heading into 2025 is giving way to market uncertainty as the post-election rally in November 2024 has lost its momentum.

Trade Wars Pushing These 2 ETFs in Different Directions

SPXS: Time To Trim Downside Hedges (Rating Downgrade)

The Direxion Daily S&P 500 Bear 3X Shares ETF seeks to deliver 300% (3x) the inverse return of the S&P 500 index. The ETF has surged in value as the S&P 500 retreats from extremely overvalued levels. I outline reasons for reducing hedges such as the SPXS, as well as why they may still make sense in the current environment.

SPXS: Time To Trim Downside Hedges (Rating Downgrade)

Ease S&P 500 Uncertainty Fears With These ETFs

With a new U.S. president at the helm and a Fed that's getting mixed signals from the economy, uncertainty abounds. Traders can ease those fears with leveraged and inverse exchange-traded funds (ETFs) from Direxion's product suite.

Ease S&P 500 Uncertainty Fears With These ETFs

SPXS: S&P 500 Remains Expensive Relative To U.S. And International Alternatives

The Direxion Daily S&P 500 Bear 3X Shares ETF seeks to deliver 300% (3x) of the inverse return of the S&P 500. SPXS is a poor long-term holding but presents a compelling opportunity to add downside protection to your portfolio in the near term. The S&P 500 trades at a 1-2% lower earnings yield relative to small-and-mid cap US stocks despite smaller benefits from the stellar US growth forecast for 2025.

SPXS: S&P 500 Remains Expensive Relative To U.S. And International Alternatives

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Charts implemented using Lightweight Charts™