Direxion Daily S&P 500 Bear 3X Shares

The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index is a float-adjusted, market capitalization-weighted index. The fund is non-diversified.

The S&P 500 continues to march higher, reaching over 27% year to date. Bullish bets for 2025 are already coming for the index, with the most ambitious target being a price target of 7,100 from ETF provider Oppenheimer.

Bullish Bets Come in for S&P 500 Ahead of New Year

Up until earlier Wednesday morning, bullish investors had every reason for fueled optimism. Yesterday, big-box retailing giant Walmart Inc WMT delivered strong third-quarter results, posting adjusted earnings per share of 58 cents.

Split Sentiments May Drive Huge Interest In Direxion's SPXL And SPXS Leveraged ETFs

The Direxion Daily S&P 500 Bear 3X Shares ETF seeks to deliver 300% of the inverse return of the S&P 500 index. Near-term peaks and bottoms in the S&P 500 dividend yield have marked major market reversal points in the past. The dividend yield on the SPDR S&P 500 ETF Trust stands at just 1.20%, marginally above all-time lows.

SPXS: Low Dividend Yield Signals Trouble Ahead For The S&P 500

We have highlighted 10 ETFs that have seen higher average volumes in the third quarter and are thus the top 10 funds in terms of trading volume.

10 Most Heavily Traded ETFs of Q3

When volatility hits major market indexes, it can spark a sense of angst. But for short-term traders, market fluctuations open the door for opportunities.

Direxion Daily S&P 500 Bear 3X SharesSPXS

Direxion Daily S&P 500 Bear 3X Shares
SPXS