Direxion Daily CSCO Bear 1X ETF
CSCS
NASDAQ Global Select- -
USD
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- -
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
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor, New York, NY 10019, USA United States of America
- IPO Date
- Jun 25, 2025
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily CSCO Bear 1X ETF (CSCS) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 100% of the inverse (or opposite) of the daily performance of the common shares of Cisco Systems, Inc. (NASDAQ: CSCO); the fund invests at least 80% of its net assets plus any borrowings for investment purposes in financial instruments including swap agreements and options that, in combination, provide inverse exposure to CSCO. Unlike traditional ETFs, CSCS eliminates diversification benefits by tracking a single stock, pursues daily objectives designed for short-term trading, and may lose value even if CSCO's performance is flat or moves inversely over periods longer than one day due to compounding and volatility effects; it carries a net expense ratio of 0.95% (excluding certain costs) through September 1, 2026, under an operating expense limitation agreement with adviser Rafferty Asset Management, LLC. Launched on June 25, 2025, as part of Direxion's expanding lineup of single-stock daily leveraged and inverse ETFs—including a companion Direxion Daily CSCO Bull 2X ETF (CSCL)—CSCS operates alongside Direxion's broader offerings of leveraged (up to 3x), inverse, and thematic ETFs targeting sectors, indices, and individual equities for active traders and sophisticated investors. Direxion, founded in 1997 and headquartered in New York, New York, with additional offices in Boston, Massachusetts, and Hong Kong, issued CSCS amid a series of 2025 product launches such as ETFs for Boeing (BA), Exxon Mobil (XOM), Eli Lilly (LLY), Palo Alto Networks (PANW), Ford (F), and Qualcomm (QCOM), alongside executive appointments like Mo Sparks as Chief Product Officer in April 2025; in September 2024, Direxion selected SS&C ALPS Distributors as a strategic partner for medallion distribution, underwriting, FINRA compliance, and registered fund services to enhance ETF and mutual fund reach across its over $40 billion in assets under management. CSCS trades on Nasdaq, targets short-term bearish exposure to Cisco—a technology firm powering networking, security, and internet infrastructure—with assets under management around $2.5 million to $2.7 million as of mid-2025, and remains unsuitable for buy-and-hold strategies due to heightened leverage risks.