Direxion Daily Real Estate Bear 3X ETF

Direxion Daily Real Estate Bear 3X ETF

DRV
Direxion Daily Real Estate Bear 3X ETFUS flagNew York Stock Exchange Arca
18.01
USD
+0.38
- -
34.40MMarket Cap
Direxion Daily Real Estate Bear 3X ETF
DRV
(New York Stock Exchange Arca)

Recent

price

18.01

P/E

ratio

- -

div

yld

- -

ROIC.AI

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Capital Structure

FRC

in mil. unless spec.
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Working Capital

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Growth Rates

FRC

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

FRC

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Business
Direxion Daily Real Estate Bear 3X Shares (DRV) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 300% of the inverse (or opposite) of the performance of the Real Estate Select Sector Index. The fund employs a short strategy using derivatives such as swaps and futures to provide leveraged inverse exposure to large-cap U.S. real estate equities, including real estate management and development companies and equity real estate investment trusts (REITs), excluding mortgage REITs; it tracks the index through synthetic replication managed passively by Rafferty Asset Management, LLC, with an expense ratio of 1.06%. DRV operates within the financial services industry, specifically the leveraged and inverse ETF segment, targeting sophisticated investors and active traders seeking short-term tactical exposure to bearish real estate market conditions; shares trade on the NYSE Arca exchange and distribute income dividends quarterly. Launched on July 16, 2009, as part of Direxion Shares ETF Trust, headquartered in New York, New York, with the issuer founded in 1997 and maintaining additional offices in Boston, Massachusetts, and Hong Kong. Recent operational developments for Direxion Shares ETF Trust include multiple new product launches in 2025, such as single-stock leveraged and inverse ETFs for companies including Ford (July 2025), Cisco and Qualcomm (June 2025), Boeing and Exxon Mobil (April 2025), and Eli Lilly and Palo Alto Networks (March 2025); the appointment of Mo Sparks as Chief Product Officer in April 2025; reverse splits on select unrelated funds like KORU in February 2025; and ongoing ETF distributions and closures of underperforming products such as OOTO, CLDL, WFH, EVAV, and XXCH in 2025.

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