🔴 SPXS is trading 3.3% down today as S&P 500 futures rise on risk-on sentiment

SPXS is trading 3.3% down today at $27.57 in pre-market, mirroring a stronger broader market and rising S&P 500 futures.

• As a 3x inverse S&P 500 ETF, the decline aligns with positive index futures and a shift toward risk-on sentiment following eased geopolitical tensions.
• The move reflects moderating fears in AI-related sectors rather than any fund-specific news or corporate catalysts.
• The pre-market drop directly tracks the inverse performance of the underlying index as market volatility subsides.