As of October 23, 2020, Direxion Shares ETF Trust - Direxion Daily Consumer Discretionary Bear 3X Shares has gone out of business. Direxion Shares ETF Trust - Direxion Daily Consumer Discretionary 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. The fund invests through derivatives in stocks of companies operating across consumer discretionary sectors. The fund employs short strategy and uses derivatives such as futures, swaps to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization. It seeks to track -3x the daily performance of the Consumer Discretionary Select Sector Index. Direxion Shares ETF Trust - Direxion Daily Consumer Discretionary Bear 3X Shares was formed on November 29, 2018 and is domiciled in the United States.