Key stats
About Direxion Daily SHOP Bear 1X ETF
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Inception date
Aug 6, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
ALPS Distributors, Inc.
ISIN
US25461A2134
SHPD provides -1X daily inverse (short) exposure to Shopify Inc. (SHOP), primarily using swaps and options. The fund aims for -100% daily return of SHOP by rebalancing its portfolio every trading day. As such, it is concentrated in the information technology sector and internet services & infrastructure industry. Due to daily rebalancing, high portfolio turnover is expected. For liquidity, the fund may also hold short-term, high-quality debt or cash equivalents. This inverse exposure is reset dailyreturns over periods longer than a day will differ from Shopifys total return due to compounding effects, volatility, and rebalancing, possibly leading to losses even if Shopify declines over longer periods.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SHPD fund flows account for 533.22 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, SHPD doesn't pay dividends to its holders.
SHPD shares are issued by Rafferty Asset Management LLC under the brand Direxion. The ETF was launched on Aug 6, 2025, and its management style is Passive.
SHPD expense ratio is 0.97% meaning you'd have to pay 0.97% of your investment to help manage the fund.
SHPD follows the Shopify, Inc. Class A. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SHPD trades at a premium (0.14%) meaning the ETF is trading at a higher price than the calculated NAV.