As of October 2, 2017, Direxion Shares ETF Trust - Direxion Daily Homebuilders & Supplies Bear 3x Shares has gone out of business. Direxion Shares ETF Trust - Direxion Daily Homebuilders & Supplies Bear 3x Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. It invests in public equity markets of the United States. The fund takes short positions to invest in other exchange traded funds and through derivatives such as futures contracts, swap agreements, and options to invest in stocks of companies operating in the homebuilding sector including home construction and producers, sellers and suppliers of building materials, furnishings and fixtures and also home improvement retailers. It invests in stocks of companies across all market capitalizations. The fund also invests some portion of its portfolio in money market funds or short-term debt instruments. It seeks to replicate thrice the inverse of the daily performance of the Dow Jones U.S. Select Home Construction Index. Direxion Shares ETF Trust - Direxion Daily Homebuilders & Supplies Bear 3x Shares was formed on August 19, 2015 and is domiciled in the United States.