Direxion Daily S&P 500 Bear 1X Shares (SPDN) is an exchange-traded fund in the Trading Inverse Equity category. It has $194.57M in assets, an expense ratio of 0.48% and a 3.36% dividend yield. The index is designed to be comprised of stocks that are the 500 leading, large-cap U.S.-listed issuers. The fund invests at least 80% of the fund’s net assets in swap agreements, futures contracts, short positions or other financial instruments that provide inverse (opposite) or short daily exposure to the index or to ETFs that track the index, which, in combination, provider returns consistent with the objective. It is non-diversified.