What is SPXS fund?
SPXS is an extremely aggressive bet against the S&P 500, promising to provide -300% of the index’s return for a one-day period. The fund, like most geared inverse products, is designed to deliver its 3x inverse exposure to the S&P 500—a cap-weighted basket of 500 of the largest firms in the US—for one trading day.
Can you hold SPXS long term?
Conclusion. SPXL is safe to hold long term but only for investors with the highest levels of risk appetite. Investors who hold SPXL can reap significant outperformance against the S&P 500 in the majority of cases and over the long run.
Who owns SPXS?
North Star Investment Management Corp.
What is SPXL and SPXS?
The Direxion Daily S&P 500® Bull (SPXL) and Bear (SPXS) 3X Shares seeks daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the S&P 500® Index. There is no guarantee the funds will meet their stated investment objectives. SPXL.
How do I get the Direxion ETF?
Purchasing Direct Shares – By Mail
- Complete and sign your Account Application. Forms and Applications.
- Indicate the Fund and the amount you wish to invest.
- Mail your check (payable to Direxion Funds) along with the completed Account Application to:
What is direxion daily?
Direxion Leveraged Exchange-Traded Funds (ETFs) are daily funds that provide 100%, 200% or 300% leverage and the ability for investors to navigate changing markets with bull and bear flexibility.
Are direxion ETFs safe?
If you are trading Direxion’s leveraged or inverse ETFs for the first time, then exercise caution. This is due to the volatility and the returns that are specific to these ETFs. Investors need to have a strong background and familiarity when trading Direxion ETFs as they can be risky.
Is SPX a good investment?
Is Investing in the S&P 500 Less Risky Than Buying a Single Stock? Generally, yes. The S&P 500 is considered well-diversified by sector, which means it includes stocks in all major areas, including technology and consumer discretionary—meaning declines in some sectors may be offset by gains in other sectors.
Where is direxion located?
For Direxion Funds
| Via Regular Mail | Via Overnight Delivery |
|---|---|
| Direxion Funds c/o US Bancorp Mutual Fund Services PO Box 0701 Milwaukee, WI 53201-0701 | Direxion Funds c/o US Bancorp Mutual Fund Services PO Box 0701 Milwaukee, WI 53201-0701 |
Is SPXL an ETF?
This ETF offers 3x daily long leverage to the broad-based S&P 500 Index, making it a powerful tool for investors with a bullish short-term outlook for U.S. large cap stocks. Investors should note that leverage on SPXL resets on a daily basis, which results in compounding of returns when held for multiple periods.
Are direxion ETFs good?
For the short-term investor or speculator, Direxion ETFs offer a great way to quickly realize higher profits especially when they are right. Used wisely, the inverse leveraged ETFs can offer investors the ability to short the market and not only protect their portfolio’s but grow them during downturns.