# Direxion Daily S&P 500 Bear 3X ETF (SPXS) — Overview

SPXS · NYSE · Fund

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

## Price

Last close $24.00 on Oct 15, 2026. 52-week range $23.26 – $44.29.

## Fund profile

SPXS provides 3x inverse exposure to a market-cap-weighted index of 500 large- and mid-cap US companies selected by the S&P Committee.

| Metric | Value |
| --- | --- |
| Issuer | Rafferty Asset Management, LLC |
| Industry | — |
| Inception | Nov 5, 2008 |
| Assets under management | $347.3M |
| Expense ratio | 1.04% |
| Net asset value | $24.01 (as of Oct 15, 2026) |
| Distributions | Quarterly |
| Leverage | 3x |

## Frequently Asked Questions

### What is Direxion Daily S&P 500 Bear 3X ETF (SPXS)?

SPXS provides 3x inverse exposure to a market-cap-weighted index of 500 large- and mid-cap US companies selected by the S&P Committee.

### What is SPXS's expense ratio?

Direxion Daily S&P 500 Bear 3X ETF charges an annual expense ratio of 1.04%. The fund is issued by Rafferty Asset Management, LLC.

### How large is SPXS?

Direxion Daily S&P 500 Bear 3X ETF manages $347.3M in assets and has traded since Nov 5, 2008.

### How do I buy shares of Direxion Daily S&P 500 Bear 3X ETF (SPXS)?

SPXS 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.

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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).