Direxion Daily S&P 500 Bull 3x Shares seek daily investment results of 300 percent of the performance of the S&P 500 Index, according to Yahoo Finance. Conversely, Bear 3x shares seek daily investment results of 300 percent of the inverse of the S&P 500.
Direxion Daily S&P 500 Bull and Bear 3x Shares are categorized as trading-leveraged equities that invest in a minimum of 80 percent of securities and other financial instruments that make up, or provide leveraged or unleveraged exposure to, the S&P 500 index, notes Yahoo Finance. Bull 3x shares create long positions by investing with financial instruments like futures and forward contracts, options on securities and equity caps. Bear 3x shares invest with similar financial instruments, but it focuses on positions that provide inverse exposure to the S&P 500 Index.