Direxion Daily S&P 500 Bear 3X Shares (SPXS)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
26.29 USD
+0.59
(2.296%)
⇧
(July 13, 2026, 4 p.m.
EDT)
After hours: 26.41 +0.12 (0.456%) ⇧ (July 13, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 2:52 a.m. EDT
This is a classic leveraged inverse ETF in a death spiral, currently masquerading as a high-yield income vehicle. The long-term outlook is catastrophic: the underlying asset has lost 99.3% of its value over nine years, with the last three years showing consecutive declines. The market has correctly priced this as a value trap; holding this security is mathematically equivalent to betting against the S&P 500's long-term upward trend while paying a heavy drag from compounding decay. While the 4.49% yield looks attractive on paper, it is a phantom yield generated by the relentless erosion of the share price, not sustainable cash flow from a business. The recent price action shows the fund trading near its 52-week lows, confirming the secular downtrend. For a long-term investor, this is a 'do not touch' zone. The only rational play here is short-term contrarian speculation on a market crash, given the heavy options positioning for extreme volatility, but even that is a dangerous game with a 3x leveraged decay mechanism working against you. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.060830 |
| AutoTheta | 0.069796 |
| MSTL | 0.101953 |
| AutoETS | 0.116983 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 39% |
| H-stat | 7.74 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.099 |
| Excess Kurtosis | -1.23 |
As of July 11, 2026, 2:52 a.m. EDT: Speculators are aggressively positioning for a massive spike in volatility rather than a specific directional move. Call and put open interest walls are stacked far out-of-the-money (strikes like 60.00), while significant volume spikes are occurring on deep OTM strikes. This suggests a 'crash' or 'parabolic rally' bet where traders are buying cheap insurance against extreme moves in either direction, anticipating a market event that will cause the S&P 500 to gap significantly.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.86% | 3.34% | 4.14% | 2.94% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-23 | 0.239 | 0.858477 |
| 2026-03-24 | 0.383 | 0.953923 |
| 2025-12-23 | 0.193 | 0.560558 |
| 2025-09-23 | 0.370 | 0.963542 |
| 2025-06-24 | 0.340 | 0.686869 |
| 2025-03-25 | 0.840 | 1.284404 |
| 2024-12-23 | 0.500 | 0.834725 |
| 2024-09-24 | 0.840 | 1.250000 |
| 2024-06-25 | 1.170 | 1.500000 |
| 2024-03-19 | 1.370 | 1.512141 |
| 2023-12-21 | 1.040 | 0.890411 |
| 2023-09-19 | 1.590 | 1.124470 |
| 2023-06-21 | 1.580 | 1.071913 |
| 2023-03-21 | 2.330 | 1.217982 |
| 2020-03-24 | 2.000 | 0.099900 |
| 2019-12-23 | 3.700 | 0.277778 |
| 2019-09-24 | 5.600 | 0.323139 |
| 2019-06-25 | 7.500 | 0.398936 |
| 2019-03-19 | 6.200 | 0.296509 |
| 2018-12-27 | 10.200 | 0.323604 |
| 2018-09-25 | 4.800 | 0.224930 |
| 2018-03-20 | 2.900 | 0.105762 |
| Attribute | Value |
|---|---|
| All Time High | 1,644,750.0 |
| All Time Low | 7.32 |
| Ask | 0.0 |
| Ask Size | 24,200 |
| Average Daily Volume10 Day | 8,964,090 |
| Average Daily Volume3 Month | 13,020,526 |
| Average Volume | 13,020,526 |
| Average Volume10Days | 8,964,090 |
| Beta3 Year | -2.75 |
| Bid | 0.0 |
| Bid Size | 23,500 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 26.415 |
| Day Low | 25.81 |
| Dividend Yield | 4.49 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 27.3972 |
| Fifty Day Average Change | -1.1071987 |
| Fifty Day Average Change Percent | -0.040412843 |
| Fifty Two Week Change Percent | -43.64035 |
| Fifty Two Week High | 47.2 |
| Fifty Two Week High Change | -20.91 |
| Fifty Two Week High Change Percent | -0.44300845 |
| Fifty Two Week Low | 25.53 |
| Fifty Two Week Low Change | 0.7600002 |
| Fifty Two Week Low Change Percent | 0.029768908 |
| Fifty Two Week Range | 25.53 - 47.2 |
| First Trade Date Milliseconds | 1,227,105,000,000 |
| Five Year Average Return | -0.3301303 |
| Full Exchange Name | NYSEArca |
| Fund Family | Direxion Funds |
| Fund Inception Date | 1,225,843,200 |
| 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 fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, including swap agreements, futures contracts, or short positions, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to exchange-traded funds (“ETFs”) that track the index, consistent with the fund’s investment objective. The index is a float-adjusted, market capitalization-weighted index. The fund is non-diversified. |
| Long Name | Direxion Daily S&P 500 Bear 3X Shares |
| Market | us_market |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_51234694 |
| Nav Price | 25.698 |
| Net Assets | 297,558,752.0 |
| Net Expense Ratio | 1.04 |
| Open | 25.955 |
| Phone | 866-476-7523 |
| Post Market Change | 0.11999893 |
| Post Market Change Percent | 0.45644325 |
| Post Market Price | 26.41 |
| Post Market Time | 1,783,987,199 |
| Previous Close | 25.7 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.59 |
| Regular Market Change Percent | 2.29572 |
| Regular Market Day High | 26.415 |
| Regular Market Day Low | 25.81 |
| Regular Market Day Range | 25.81 - 26.415 |
| Regular Market Open | 25.955 |
| Regular Market Previous Close | 25.7 |
| Regular Market Price | 26.29 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 11,363,691 |
| Short Name | Direxion Daily S&P 500 Bear 3X |
| Source Interval | 15 |
| Symbol | SPXS |
| Three Year Average Return | -0.39335158 |
| Total Assets | 297,558,752 |
| Tradeable | 0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -34.11513 |
| Trailing Three Month Returns | -34.11513 |
| Triggerable | 1 |
| Two Hundred Day Average | 33.95215 |
| Two Hundred Day Average Change | -7.6621475 |
| Two Hundred Day Average Change Percent | -0.2256749 |
| Type Disp | ETF |
| Volume | 11,363,691 |
| Yield | 0.044899996 |
| Ytd Return | -24.24361 |