Direxion Shares ETF Trust - Direxion Daily Magnificent 7 Bear 1X Shares

Direxion Shares ETF Trust - Direxion Daily Magnificent 7 Bear 1X Shares an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. It invests in public equity markets. The fund invests directly, through derivatives and through other funds in stocks of companies operating across diversified sectors. It employs short strategy and uses derivatives such as swaps and futures to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. It seeks to track -1x the daily performance of the Indxx Magnificent 7 Index. Direxion Shares ETF Trust - Direxion Daily Magnificent 7 Bear 1X Shares was formed on March 7, 2024 and is domiciled in the United States.