As of July 22, 2016, Direxion Shares ETF Trust - Direxion Daily Total Market Bear 1X Shares has gone out of business. Direxion Shares ETF Trust - Direxion Daily Total Market Bear 1X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. It invests in the public equity markets of the United States. The fund takes short positions and invests indirectly through exchange-traded funds and derivatives like futures contracts, options, swap agreements, and forward contracts to invest in the stocks of companies operating across diversified sectors. It invests in the stocks of large-cap, mid-cap, small-cap, and micro-cap companies. The fund invests some portion of its portfolio in money market funds or short-term debt instruments. It seeks to replicate the inverse of the daily performance of the MSCI US Broad Market Index. Direxion Shares ETF Trust - Direxion Daily Total Market Bear 1X Shares was formed on June 15, 2011 and is domiciled in the United States.