Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X ETF

Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X ETF is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. It invests in public equity markets of the United States. The fund invests through derivatives in stocks of companies operating across diversified sectors. It employs short strategy and uses derivatives such as futures, swaps to create its portfolio. The fund invests in growth and value stocks of large-cap companies. It seeks to track -1x the daily performance of the S&P 500 Index. Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X ETF was formed on June 8, 2016 and is domiciled in the United States.