Direxion Daily Cloud Computing Bear 2X Shares
CLDS
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- DE United States of America
- IPO Date
- Jan 8, 2021
- CIK
- 0001424958
- Similar Companies
- Business
- Direxion Daily Cloud Computing Bear 2X Shares (CLDS) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the inverse (i.e., -2x) of the daily performance of the Indxx USA Cloud Computing Index, providing leveraged short exposure to U.S. cloud computing companies including software-as-a-service providers, platform-as-a-service offerings, and infrastructure-as-a-service solutions; the fund employs derivatives such as swaps and futures to achieve its objectives and targets sophisticated investors pursuing tactical trading strategies rather than long-term holdings. Sponsored by Direxion Shares ETF Trust and advised by Rafferty Asset Management, LLC, CLDS operates within the inverse equity segment focused on information technology and software/services, with a gross expense ratio of 0.95% and primary trading on NYSE Arca. Direxion, founded in 1997 and headquartered in New York with additional offices in the U.S. and Hong Kong, manages approximately $50.6 billion in assets as of mid-2025 and specializes in leveraged and inverse ETFs across equities, sectors, and themes. Launched on January 8, 2021, alongside its bull counterpart (CLDL), CLDS was designed to capitalize on cloud computing's growth amid high trader interest in the sector. In a major operational change, Direxion announced the closure of CLDS on August 26, 2022, due to insufficient assets under management and limited investor interest since inception; trading ceased on September 23, 2022, with full liquidation and pro rata cash distributions to remaining shareholders completed by September 30, 2022. The fund is no longer active, and legacy data such as historical performance, holdings, or pricing (e.g., 52-week range of $14.79-$46.43 as of late 2022) reflects its defunct status.