Largest shareholders include Susquehanna International Group, Llp, Citadel Advisors Llc, Cutler Group LP, Jane Street Group, Llc, Susquehanna International Group, Llp, Tower Research Capital LLC (TRC), Wolverine Trading, Llc, RQEAX - RESQ Dynamic Allocation Fund RESQ Dynamic Allocation Class A Shares, Citadel Advisors
How do you trade in SPXS?
The best strategy when trading the SPXS is to look for a window of opportunity depending on events and buy into it for holding during a period of one day. Holding it for a time-period longer than that will introduce the effects of compounding.
Can I short SPXS?
If you short SPXS, you can be on the hook for more than 100% of your money up until the S&P is worth $0 i.e. the actual underlying futures cannot lose any more value.
Is SPXS a leveraged ETF?
The Direxion Daily S&P 500 Bear 3x Shares ETF (SPXS) is one of the most popular instruments to short the broad market for trading or hedging purposes. However, its daily -3X leverage factor is a source of drift.Jan 4, 2022
Is there a 3X SPY ETF?
The Direxion Daily S&P 500® Bull (SPXL) and Bear (SPXS) 3X Shares seeks daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the S&P 500® Index. There is no guarantee the funds will meet their stated investment objectives.
What is the difference between SPXS and SPXL?
SPXL SPXS
--------------------- -------------------- ---------------------
ETF Database Category Leveraged Equities Leveraged Equities
Index S&P 500 Index (300%) S&P 500 Index (-300%)
Index Description View Index View Index
Expense Ratio 1.01% 1.07%
Is SPXS a good investment?
SPXS is an extremely aggressive bet against the S&P 500, promising to provide -300% of the index's return for a one-day period. Investors should be comfortable with not just the mechanics of the portfolio but the counterparty risk it takes on to get its exposure: SPXS holds swaps on the index to achieve its goals.