As of October 2, 2017, Direxion Shares ETF Trust - Direxion Daily Consumer Staples Bear 1X Shares has gone out of business. Direxion Shares ETF Trust - Direxion Daily Consumer Staples Bear 1X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. It invests in public equity markets of the United States. It takes short positions to invest through other funds and through derivatives such as swap agreements, futures contracts, options and reverse repurchase agreements to invest in the stocks of companies operating in the consumer staples sector. The fund invests in stocks of companies across all market capitalizations. It also invests some portion of its portfolio in short-term debt instruments with terms-to-maturity of less than 397 days. The fund seeks to track the inverse of the daily performance of the Consumer Staples Select Sector Index. Direxion Shares ETF Trust - Direxion Daily Consumer Staples Bear 1X Shares was formed on January 5, 2017 and is domiciled in the United States.