Direxion Daily MSCI Developed Markets Bear 3X Shares
DPK
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
- IPO Date
- Dec 17, 2008
- CIK
- 0001424958
- Similar Companies
- Business
- Direxion Daily MSCI Developed Markets Bear 3X Shares (DPK) is an exchange-traded fund that seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) performance of the MSCI EAFE Index. The fund provides leveraged exposure to the bearish side of developed markets ex-North America and ex-emerging markets, targeting sophisticated investors employing short-term trading strategies; it utilizes financial instruments including swap agreements, futures contracts, and options on the index or related assets to achieve its leveraged inverse objectives. DPK does not invest directly in the underlying securities of the MSCI EAFE Index, which tracks large- and mid-cap companies across 21 developed markets including Europe, Australasia, and the Far East; instead, it offers a single product focused on triple-leveraged inverse daily returns, suitable for tactical hedging or speculation rather than long-term buy-and-hold investing. The fund operates globally through its benchmark's exposure to international equities in countries such as Japan, the United Kingdom, France, Switzerland, and Germany, with assets under management fluctuating based on market volatility and investor flows. Launched in 2008 by Direxion Investments, a brand under Rafferty Asset Management, LLC, headquartered in Rye Brook, New York, DPK trades on the NYSE Arca exchange under the ticker DPK and is available to U.S. investors through standard brokerage accounts. Direxion emphasizes high daily correlation to its target but cautions on compounding effects that can lead to performance divergence over periods longer than one day. In recent developments, Direxion announced enhancements to its suite of leveraged and inverse ETFs in 2024, including expanded share classes and improved liquidity provisions for products like DPK amid heightened market volatility from global interest rate shifts; the firm also integrated advanced portfolio management tools via partnerships with major custodians to support institutional trading. No major acquisitions or rebranding specific to DPK occurred in the last 1-2 years, though parent Rafferty Asset Management bolstered its technology infrastructure for ETF operations following a strategic funding round in 2023 aimed at scaling leveraged product offerings. These updates position DPK within Direxion's broader segment of over 50 leveraged ETFs targeting equity indices, commodities, and fixed income, serving retail, hedge fund, and registered investment advisor clients seeking amplified short exposure.