What is the highest a SPX stock has ever been?
Historical daily share price chart and data for SPX since 1985 adjusted for splits. The latest closing stock price for SPX as of June 29, 2022 is 51.03. The all-time high SPX stock closing price was 139.72 on June 13, 2008. The SPX 52-week high stock price is 68.24, which is 33.7% above the current share price.
What is the SPX 52-week low stock price?
The SPX 52-week low stock price is 41.66, which is 18.4% below the current share price. The average SPX stock price for the last 52 weeks is 55.56. For more information on how our historical price data is adjusted see the Stock Price Adjustment Guide.
How many employees does SPX Corporation have?
With operations in 15 countries and approximately $1.5 billion in annual revenue, SPX offers a wide array of highly engineered products with strong brands. Based in Charlotte, North Carolina, SPX Corporation employs approximately 5,000 people worldwide.
What does SPXC do?
SPX Corporation (NYSE: SPXC) is, along with its subsidiaries, a diversified, global supplier of infrastructure equipment with scalable growth platforms in heating, ventilation and air conditioning (HVAC), detection and measurement, and engineered solutions.
When was SPXS created?
The fund seeks to track -3x the daily performance of the S&P 500 Index. Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 3X Shares was formed on November 5, 2008 and is domiciled in the United States.
Is SPXS a good stock to buy?
Based on our forecasts, a long-term increase is expected, the "SPXS" stock price prognosis for 2027-07-16 is 49.869 USD. With a 5-year investment, the revenue is expected to be around +112.03%. Your current $100 investment may be up to $212.03 in 2027. Get It Now!
What is SPXS and SPXL?
The Direxion Daily S&P 500® Bull (SPXL) and Bear (SPXS) 3X Shares seeks daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the S&P 500® Index. There is no guarantee the funds will meet their stated investment objectives. SPXL.
Is SPXS leveraged?
This ETF offers 3x daily short leverage to the broad-based S&P 500 Index, making it a powerful tool for investors with a bearish short-term outlook for U.S. large cap stocks. Investors should note that the leverage on SPXS resets on a daily basis, which results in compounding of returns when held for multiple periods.
What is the difference between SPXS and Spxu?
SPXU has a 0.93% expense ratio, which is lower than SPXS's 1.08% expense ratio. Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which one is better suits your portfolio: SPXU or SPXS.
How does SPXS ETF work?
SPXS is an extremely aggressive bet against the S&P 500, promising to provide -300% of the index's return for a one-day period. The fund, like most geared inverse products, is designed to deliver its 3x inverse exposure to the S&P 500—a cap-weighted basket of 500 of the largest firms in the US—for one trading day.
Why 3X ETFs are wealth destroyers?
Triple-leveraged (3x) exchange-traded funds (ETFs) come with considerable risk and are not appropriate for long-term investing. Compounding can cause large losses for 3x ETFs during volatile markets, such as U.S. stocks in the first half of 2020.
Is SPXL good long term?
Conclusion. SPXL is safe to hold long term but only for investors with the highest levels of risk appetite. Investors who hold SPXL can reap significant outperformance against the S&P 500 in the majority of cases and over the long run.
How long can I hold a leveraged ETF?
A trader can hold the majority of these ETFs including TQQQ, FAS, TNA, SPXL, ERX, SOXL, TECL, USLV, EDC, and YINN for 150-250 days before suffering a 5% underperformance although a few, like NUGT, JNUG, UGAZ, UWT, and LABU are more volatile and suffer a 5% underperformance in less than 130 days and, in the case of JNUG ...
What is the most volatile ETF?
The largest Volatility ETF is the ProShares Ultra VIX Short-Term Futures ETF UVXY with $1.21B in assets. In the last trailing year, the best-performing Volatility ETF was VXZ at 7.15%. The most recent ETF launched in the Volatility space was the VS TR -1X SHORT VIX FUTURES ETF SVIX on 03/28/22.
What is the best 3X leveraged ETF?
The 9 Best Leveraged ETFsTECL – Direxion Daily Technology Bull 3X Shares. ... SSO – ProShares Ultra S&P 500. ... UPRO – ProShares UltraPro S&P 500. ... SPXU – ProShares UltraPro Short S&P 500. ... TNA – Direxion Daily Small Cap Bull 3X Shares. ... TMF – Direxion Daily 20-Year Treasury Bull 3X. ... UST – ProShares Ultra 7-10 Year Treasury.More items...•
What is the highest leveraged ETF?
ProShares UltraPro QQQProShares UltraPro QQQ is the most-popular and liquid ETF in the leveraged space, with AUM of $14.6 billion and an average daily volume of 111 million shares a day. The fund seeks to deliver three times the return of the daily performance of the NASDAQ-100 Index, charging investors 0.95% in expense ratio.
Should I buy SPXL?
SPXL is safe to hold long term but only for investors with the highest levels of risk appetite. Investors who hold SPXL can reap significant outperformance against the S&P 500 in the majority of cases and over the long run.
Can you short SPXL?
This is true not only on a daily basis as the fund declines by three times the amount of the S&P 500, but also over longer periods of time as slippage eats away at the fund's returns. But as I mentioned earlier in the article, the way to short SPXL is by buying deep in-the-money put options.