Direxion Daily Cnsmr Staples Bear 3XShrs
LACK
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
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
- Nov 29, 2018
- CIK
- 0001424958
- Similar Companies
- Business
- Direxion Daily Consumer Staples Bear 3X Shares (ticker: LACK) is an exchange-traded fund that provides leveraged inverse exposure to the daily performance of the MSCI US Investable Market Consumer Staples 25/50 Index. The fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the index's daily performance, utilizing swap agreements, futures contracts, and other financial instruments to achieve its leveraged objectives; it does not invest directly in the underlying index components or consumer staples stocks. LACK targets sophisticated investors seeking short-term trading opportunities in the consumer staples sector, which includes companies producing essential goods such as food, beverages, household products, and personal care items; it operates primarily in the United States market through NYSE Arca listings. Launched in 2012 by Direxion Investments, a Rafferty Asset Management subsidiary headquartered in Rye Brook, New York, the fund maintains a focus on tactical, high-volatility strategies within the broader ETF industry. In recent developments, Direxion has expanded its lineup of daily leveraged ETFs amid heightened market volatility in 2024-2025, with no major name changes, acquisitions, or strategic shifts reported for LACK specifically, though the firm continues to emphasize enhanced liquidity and risk disclosures for its 3X products.