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ALL
AUM
$214450329
P/E ratio
--
Dividend yield
4.7061%
Expense ratio
0.47%
Beta
-0.981713
Previous close
$9.41
Today's open
$9.42
Day's range
$9.42 - $9.55
52 week range
$9.33 - $13.36
Alternatives
Trading Tools
87.65%
21.87%
All Time Highs? Can't Bear It?
2025 has been a rollercoaster ride for traders. After quickly dropping nearly 20% during the tariff sell-off, the S&P 500® Index* has rapidly rebounded from its April low to fresh all-time highs.
ETF Trends • Aug 14, 2025

Betting Against The Market With The SPDN ETF
The SPDN ETF offers a way to bet against the market, moving inversely to the S&P 500, but it's not for long-term holding. Market's muted response to rate cuts suggests they're already priced in; high S&P 500 P/E ratio supports this sentiment. Weak economic data, potential oil price spikes, and slowing consumer demand could negatively impact market valuations and company earnings.
Seeking Alpha • Aug 30, 2024

Direxion's Inverse ETF SPDN Allows Investors To Profit From Market Carnage
Wall Street is on the verge of inking a conspicuous downcycle for the week, with the major indices flashing red in late-afternoon trading on Friday. The benchmark S&P 500 is down about 0.7% against Thursday's close, and is about to book a loss of more than 2% for the business week ending July 19.
Benzinga • Jul 19, 2024

Inverse ETFs to Play Now on Middle East Tension & Rising Rates?
Wall Street wavered this week on high inflation data which lowered chances of an imminent Fed rate cut. Plus, geopolitical tension in Middle East has weighed on stocks.
Zacks Investment Research • Apr 12, 2024

Bear Market Bets: 7 Inverse ETFs for Contrarian Investors
While the buy-and-hold strategy makes the most intuitive sense, it's boring, which invariably leads curious investors down the path toward inverse ETFs. Just like any other exchange-traded fund, these bear trades represent a basket of securities under a single umbrella.
InvestorPlace • Dec 8, 2023

Don't Bet Against Progress
Shorting or hedging against companies driving innovation and growth in the US stock markets is not a viable long-term strategy. Historical trends suggest that bear markets are relatively short-lived, and positive trends in the market indicate potential long-term growth for large firms and disruptive innovators. ETFs that bet against innovation and growth are likely to underperform their benchmarks in the long term. It is better to invest in stocks of innovative firms and funds tracking major indexes.
Seeking Alpha • Nov 1, 2023

SPDN: Growing Corporate Leverage With Rate Hikes Is A Concern
The Direxion Daily S&P 500 Bear 1X Shares ETF takes a bearish bet against the market, providing short-term speculation opportunities. The ETF has low expense ratios and allows access to shorting at pretty low fees compared to the fees associated with shorting directly. The value erosion risk and daily resetting quirk make SPDN unsuitable for long-term investing, but upcoming inflation data could make it interesting for speculation.
Seeking Alpha • Oct 9, 2023

Flexible Plan's Wagner Uses Leveraged, Inverse ETFs Tactically
Jerry Wagner is president, founder and chief investment officer of Flexible Plan, a turnkey asset management program (TAMP) with more than $1.5 billion invested in its separately managed accounts.
ETF Trends • Sep 19, 2023

A More Hawkish Fed Could Mean More Volatility Ahead
The anticipation of more rate hikes by the U.S. Federal Reserve could spur more volatility ahead, which makes for trading opportunities in the S&P 500 — notably, the Direxion Daily S&P 500 Bear 1X Shares (SPDN).
ETF Trends • Jul 13, 2023

Are You a Fan of Morgan Stanley? Inverse S&P 500 ETFs to Play
Morgan Stanley's bearish outlook on the S&P 500 has raised concerns among investors.
Zacks Investment Research • Jun 7, 2023

¹ Disclosures

Open an M1 investment account to buy and sell Direxion Daily S&P 500 Bear 1X Shares commission-free¹. Build wealth for the long term using automated trading and transfers.