Direxion Daily Real Estate Bear 3X Shares company info
DRV
Direxion Daily Real Estate Bear 3X Shares
What does Direxion Daily Real Estate Bear 3X Shares do?
Direxion Daily Real Estate Bear 3X Shares (NYSE:DRV) focuses on providing daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the Real Estate Select Sector Index. As this ETF is exclusively listed on the NYSE Arca, it offers a specialized approach for investors looking to gain leveraged inverse exposure to the real estate sector without diversifying listings across multiple stock exchanges. The objective of Direxion Daily Real Estate Bear 3X Shares is to offer traders and sophisticated investors short-term opportunities to capitalize on the decline of real estate investments through a leverage mechanism. Its operations involve utilizing financial instruments like futures, swaps, and other derivatives to achieve its daily investment targets, making it suited for those who understand the high risks and potential rewards of leveraged and inverse investment strategies.
Company Snapshot
Is Direxion Daily Real Estate Bear 3X Shares a public or private company?
Ownership
Public
How many people does Direxion Daily Real Estate Bear 3X Shares employ?
Employees
56
What sector is Direxion Daily Real Estate Bear 3X Shares in?
Sector
ETF
Where is the head office for Direxion Daily Real Estate Bear 3X Shares?
Head Office
New York, United States
What year was Direxion Daily Real Estate Bear 3X Shares founded?
Year Founded
2009
What does Direxion Daily Real Estate Bear 3X Shares specialise in?
What are the products and/or services of Direxion Daily Real Estate Bear 3X Shares?
Overview of Direxion Daily Real Estate Bear 3X Shares offerings
Seeks 3x Inverse Daily Performance: DRV aims to deliver returns that are 300% inverse (opposite) of the daily performance of the Real Estate Select Sector Index (IXRETR).
Targets Real Estate Bear Market: DRV is designed to benefit when the real estate sector declines in value.
Leveraged Investment: The use of leverage amplifies daily returns, both positive and negative. This magnifies gains when the real estate market goes down but also magnifies losses.
Not for Long-Term Investment: DRV is not suitable for long-term buy-and-hold strategies due to the compounding effect of leverage over extended periods.
Higher Volatility: Due to leverage, DRV's price can be much more volatile than the underlying index it tracks.
Expense Ratio: DRV has an expense ratio that covers the fund's operational costs. It's important to understand this fee before investing. You can find the expense ratio on the Direxion Investments website [Direxion Investments website] or other financial websites.