🔴 SPXS is trading 3.05% down today as S&P 500 gains pressure the inverse ETF

SPXS is trading at $24.13, down 3.05%, as broader risk appetite lifts U.S. equities.

• The S&P 500 is up 1.03%, while the Nasdaq and Dow are also higher, pressuring this inverse ETF.
• Direxion targets -300% of the S&P 500’s single-day performance, explaining the amplified opposite-direction move.
• No company-specific SPXS announcement was identified.