Direxion Daily S&P 500 Bear 1X Shares (SPDN)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
8.49 USD
+0.01
(0.118%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 8.51 +0.02 (0.236%) ⇧ (Aug. 28, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 5:50 a.m. EDT
This is a leveraged inverse ETF designed to profit from a falling S&P 500, and the data confirms the market is currently pricing in continued weakness. The long-term rating is effectively zero because the underlying asset class has suffered a catastrophic multi-year decline (-74% over nine years) with three consecutive years of negative returns; buying this instrument is betting against a trend that has been relentlessly downward for nearly a decade. While the short-term rating sits at neutral due to the statistical model showing a flat 45-day outlook, the overwhelming options flow is screaming 'sell,' suggesting that even a flat market might not be enough to reverse the heavy selling pressure. The dividend yield is misleading; while the percentage looks attractive, the payout amounts have been slashed drastically over the last few years (dropping from $0.26+ to $0.07), indicating the fund is eroding capital to maintain the yield rather than generating sustainable income. This is a speculative vehicle for bearish bets, not a long-term investment. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.012437 |
| AutoTheta | 0.019036 |
| MSTL | 0.021457 |
| AutoETS | 0.025699 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 63% |
| H-stat | 2.01 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.307 |
| Excess Kurtosis | -0.07 |
As of Aug. 22, 2026, 5:50 a.m. EDT: Speculators are overwhelmingly positioning for further declines. Call volume is negligible compared to put volume, with deep out-of-the-money puts showing significant open interest relative to calls. Implied volatility is significantly higher for puts than calls, indicating a fear premium for downside moves. The lack of call activity suggests a consensus view that the asset will continue to drift lower.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.79% | 3.10% | 4.40% | 3.32% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-23 | 0.070 | 0.794552 |
| 2026-03-24 | 0.052 | 0.525253 |
| 2025-12-23 | 0.075 | 0.803859 |
| 2025-09-23 | 0.094 | 0.975104 |
| 2025-06-24 | 0.135 | 1.288783 |
| 2025-03-25 | 0.079 | 0.702222 |
| 2024-12-23 | 0.137 | 1.265589 |
| 2024-09-24 | 0.146 | 1.300089 |
| 2024-06-25 | 0.163 | 1.389599 |
| 2024-03-19 | 0.140 | 1.138211 |
| 2023-12-21 | 0.212 | 1.589205 |
| 2023-09-19 | 0.205 | 1.433566 |
| 2023-06-21 | 0.265 | 1.825069 |
| 2023-03-21 | 0.094 | 0.592313 |
| 2022-12-20 | 0.133 | 0.802655 |
| 2022-09-20 | 0.025 | 0.150331 |
| 2020-03-24 | 0.018 | 0.059801 |
| 2019-12-23 | 0.074 | 0.302658 |
| 2019-09-24 | 0.111 | 0.416354 |
| 2019-06-25 | 0.122 | 0.448414 |
| 2019-03-19 | 0.153 | 0.545066 |
| 2018-12-27 | 0.109 | 0.339882 |
| 2018-09-25 | 0.114 | 0.411404 |
| 2018-06-19 | 0.140 | 0.477979 |
| 2018-03-20 | 0.031 | 0.103540 |
| 2017-12-19 | 0.053 | 0.173543 |
| 2017-09-19 | 0.038 | 0.115854 |
| 2017-06-20 | 0.037 | 0.109403 |
| Attribute | Value |
|---|---|
| All Time High | 42.2 |
| All Time Low | 8.36 |
| Ask | 8.51 |
| Ask Size | 690,900 |
| Average Daily Volume10 Day | 28,735,050 |
| Average Daily Volume3 Month | 43,262,441 |
| Average Volume | 43,262,441 |
| Average Volume10Days | 28,735,050 |
| Beta3 Year | -0.96 |
| Bid | 8.49 |
| Bid Size | 633,200 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 8.51 |
| Day Low | 8.435 |
| Dividend Yield | 3.34 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 8.63 |
| Fifty Day Average Change | -0.14000034 |
| Fifty Day Average Change Percent | -0.01622252 |
| Fifty Two Week Change Percent | -15.773809 |
| Fifty Two Week High | 10.28 |
| Fifty Two Week High Change | -1.79 |
| Fifty Two Week High Change Percent | -0.17412451 |
| Fifty Two Week Low | 8.36 |
| Fifty Two Week Low Change | 0.13000011 |
| Fifty Two Week Low Change Percent | 0.015550254 |
| Fifty Two Week Range | 8.36 - 10.28 |
| First Trade Date Milliseconds | 1,465,565,400,000 |
| Five Year Average Return | -0.0782763 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 0.0100002 |
| Fullday Change Percent | 0.117927 |
| Fullday Price | 8.51 |
| Fund Family | Direxion Funds |
| Fund Inception Date | 1,465,344,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The index is designed to be comprised of stocks that are the 500 leading, large-cap U.S.-listed issuers. The fund invests at least 80% of the fund’s net assets in swap agreements, futures contracts, short positions or other financial instruments that provide inverse (opposite) or short daily exposure to the index or to ETFs that track the index, which, in combination, provider returns consistent with the objective. It is non-diversified. |
| Long Name | Direxion Daily S&P 500 Bear 1X Shares |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_340852490 |
| Nav Price | 8.473 |
| Net Assets | 228,784,112.0 |
| Net Expense Ratio | 0.48 |
| Open | 8.47 |
| Phone | 866-476-7523 |
| Post Market Change | 0.020000458 |
| Post Market Change Percent | 0.23557666 |
| Post Market Price | 8.51 |
| Post Market Time | 1,787,961,552 |
| Previous Close | 8.48 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.0100002 |
| Regular Market Change Percent | 0.117927 |
| Regular Market Day High | 8.51 |
| Regular Market Day Low | 8.435 |
| Regular Market Day Range | 8.435 - 8.51 |
| Regular Market Open | 8.47 |
| Regular Market Previous Close | 8.48 |
| Regular Market Price | 8.49 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 42,841,091 |
| Short Name | Direxion Daily S&P 500 Bear 1X |
| Source Interval | 15 |
| Symbol | SPDN |
| Three Year Average Return | -0.1277353 |
| Total Assets | 228,784,112 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -2.72828 |
| Trailing Three Month Returns | -2.72828 |
| Triggerable | 1 |
| Two Hundred Day Average | 9.162175 |
| Two Hundred Day Average Change | -0.6721754 |
| Two Hundred Day Average Change Percent | -0.073364176 |
| Type Disp | ETF |
| Volume | 42,841,091 |
| Yield | 0.0334 |
| Ytd Return | -6.41739 |