# Direxion Daily S&P 500 Bear 1X ETF (SPDN) — Overview

SPDN · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/spdn

## Price

Last close $8.41 on Oct 15, 2026. 52-week range $8.30 – $10.23.

## Fund profile

SPDN provides daily inverse exposure to the S&P 500, a market-cap-weighted index of 500 US large-cap firms selected by the S&P’s index committee.

| Metric | Value |
| --- | --- |
| Issuer | Rafferty Asset Management, LLC |
| Industry | — |
| Inception | Jun 8, 2016 |
| Assets under management | $276.5M |
| Expense ratio | 0.48% |
| Net asset value | $8.40 (as of Oct 15, 2026) |
| Distributions | Quarterly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Direxion Daily S&P 500 Bear 1X ETF (SPDN)?

SPDN provides daily inverse exposure to the S&P 500, a market-cap-weighted index of 500 US large-cap firms selected by the S&P’s index committee.

### What is SPDN's expense ratio?

Direxion Daily S&P 500 Bear 1X ETF charges an annual expense ratio of 0.48%. The fund is issued by Rafferty Asset Management, LLC.

### How large is SPDN?

Direxion Daily S&P 500 Bear 1X ETF manages $276.5M in assets and has traded since Jun 8, 2016.

### How do I buy shares of Direxion Daily S&P 500 Bear 1X ETF (SPDN)?

SPDN trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

---

Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).