🔴 SPXS is trading 3.02% down today as S&P 500 rally weighs on leveraged ETF

SPXS is trading 3.02% down now at $24.42 as the S&P 500’s advance pressures the leveraged bearish ETF.

• SPXS seeks three-times inverse daily exposure to the S&P 500; the S&P 500, Nasdaq Composite, and Dow Jones are rising 1.02%, 1.50%, and 0.49%, respectively.
• Falling oil prices, declining Treasury yields, and stronger risk appetite are supporting equities.
• No SPXS-specific announcement was identified.