Direxion Daily Total Bond Market Bear 1X Shares
SAGG
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
FRC
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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 - Bonds
- Address
- United States of America
- IPO Date
- Mar 23, 2011
- CIK
- 0001424958
- Similar Companies
- Business
- Direxion Daily Total Bond Market Bear 1X Shares (SAGG) is an exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to the inverse (or opposite) of 100% of the daily performance of the Bloomberg U.S. Aggregate Bond Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in swap agreements, futures contracts, short positions, or other financial instruments that provide short exposure to the index, which measures the performance of investment-grade, U.S. dollar-denominated, fixed-rate taxable bonds with more than one year to maturity, including U.S. Treasury bonds, government-related bonds, corporate bonds, mortgage-backed securities, commercial mortgage-backed securities, and asset-backed securities. SAGG targets sophisticated traders and investors seeking tactical inverse exposure to the total U.S. bond market, primarily through investment-grade securities rated BBB- or higher by S&P/Fitch or Baa3 or higher by Moody's; it is part of Direxion Shares ETF Trust, a Delaware statutory trust managed by Rafferty Asset Management, LLC. Direxion Shares ETF Trust, the issuer of SAGG, operates from its principal executive offices at 535 Madison Avenue, 37th Floor, New York, New York 10022, with a registrant telephone number of (646) 572-3390. Direxion, founded in 1997 as Potomac Funds in Alexandria, Virginia, rebranded in 2006 and maintains offices in New York City, Boston, and Hong Kong, specializing in leveraged and inverse ETFs for non-traditional investment strategies across equities, fixed income, and other asset classes. The firm manages approximately $48.6 billion in assets as of September 30, 2024, serving financial advisors, institutions, and active traders with products designed for short-term market perspectives. In September 2024, Direxion selected SS&C ALPS Distributors, Inc. to provide medallion distribution services, underwriting, FINRA compliance, and registered fund services for its ETF and mutual fund lineup, enhancing its distribution model and supporting business growth through expanded network reach. Recent strategic developments include the appointment of Mo Sparks as Chief Product Officer in April 2025 and the addition of Boeing and Exxon Mobil to Direxion's single-stock daily leveraged and inverse ETF lineup in April 2025, alongside launches for Berkshire Hathaway and Palantir in December 2024, reflecting ongoing product innovation amid evolving market conditions. SAGG itself shows recent trading activity with a 52-week high of $32.51 and low of $28.04 as of December 2025, maintaining operations on NYSE Arca despite historical notes of a prior iteration ceasing in 2020.