PASS

Direxion Daily Consumer Discretionary Bear 3X Shares
*Unless otherwise stated, data provided by FactSet.

PASS Fund Description

The Direxion Daily Consumer Discretionary Bear 3x Shares ETF provides -3x leveraged exposure to the U.S. consumer discretionary sector.

PASS Factset Analytics Insight

PASS is a daily -3x leveraged (inverse) bet on the S&P Consumer Discretionary Select Industry Index. PASS does this through a portfolio swaps contracts that gets rebalanced at the end of each trading day. Because of this rebalancing, the fund’s return for periods longer than a day becomes path dependent, and is likely to be different from three times the inverse of the return of the index for the same period. This makes PASS suitable primarily for short-term traders. The expense ratio has minimal impact on the cost of holding these funds for a short period of time, and would matter little to someone who is speculating on the short-term movements of biotech companies. Trading costs as reflected in spreads, and potential premium/discounts are the predominant consideration here.

PASS CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 07/11/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PASS -14.23% -13.64% -50.77% -- -- -- --
PASS (NAV) -13.99% -13.81% -50.47% -- -- -- --
S&P Consumer Discretionary Select Sector Index 5.09% 4.74% 24.92% 11.62% 16.61% 14.55% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PASS Summary Data

Direxion
11/29/18
Open-Ended Fund
1.08%
$755.62K
0.27%

PASS Portfolio Data

--
09/24/19

PASS Index Data

Market Cap
Market Cap
N/A

PASS Fund Structure

No
--
No Policy
N/A
N/A
High
-3
Daily

PASS Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

PASS Factset Analytics Block Liquidity

As of 07/12/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of PASS. PASS is rated a N/A out of 5.

PASS Tradability

1,633
$30.03K
1,262
$21.53K
0.27%
$0.05
0.06%
8.27% / -9.04%
None
--
50,000
0.03
0.00%
--
--
$14.98
N/A