Direxion's SPDN – Think The Market Is Going Down? This ETF Can Help You Put Your Money Where Your Mouth Is

The Direxion Daily S&P 500 Bear 1x Shares SPDN, trading under the symbol SPDN, seeks daily investment results of 100% of the inverse of the performance of the S&P 500 Index.

The S&P 500 is a market-cap weighted index composed of the 500 leading large cap stocks in the market. That mix of 500 stocks spanning nearly every sector of the economy represents roughly 80% of the total value of the U.S. stock market. Because of this, it’s widely used as a benchmark of the U.S. market’s overall health and an ideal index to track for traders looking to make trades based on their broader market assumptions. 

The Direxion Daily S&P 500 Bear 1x Shares provide daily exposure to top large-cap U.S. stocks like Apple AAPL, Microsoft MSFT, Amazon AMZN, Nvidia NVDA, Alphabet GOOG, Tesla TSLA, Berkshire Hathaway (NYSE: BRK-A), Meta Platforms META and Exxon XOM .

You’d trade SPDN when you think the index is likely to go down in the short-term, gaining the ability to multiply returns for a single day. You’d also only trade this fund as an active trader with high risk tolerance since the fund should not be expected to provide its diversified goals for periods greater than a day.

Learn more here:

Featured photo by Maxim Hopman on Unsplash

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.