As of October 23, 2020, Direxion Shares ETF Trust - Direxion Daily Communication Services Index Bear 3X Shares has gone out of business. Direxion Shares ETF Trust - Direxion Daily Communication Services Index Bear 3X Shares is an exchange traded fund launched by Direxion Investments. It is managed by Rafferty Asset Management, LLC. The fund invests in public equity markets of the United States. It invests through derivatives in stocks of companies operating across media and entertainment, communication services, telecommunication services, wireless sectors. The fund employs short strategy and uses derivatives such as futures, swaps to create its portfolio. It invests in growth and value stocks of large-cap companies. It seeks to track -3x the performance of the Communication Services Select Sector Index. Direxion Shares ETF Trust - Direxion Daily Communication Services Index Bear 3X Shares was formed on January 14, 2019 and is domiciled in the United States.