Direxion Daily CSCO Bear 1X ETF

Frequently Asked Questions About CSCS

What does CSCS invest in?

The Direxion Daily CSCO Bull 2X ETF and the Direxion Daily CSCO Bear 1X ETF are financial products engineered to deliver specific daily investment outcomes, measured before any fees or expenses are applied. The Bull 2X ETF is designed to achieve daily returns that are double the performance of Cisco Systems, Inc. (NASDAQ: CSCO) common shares. Conversely, the Bear 1X ETF aims to provide daily results equivalent to 100% of the opposite (or inverse) movement of Cisco's stock price.

What is the expense ratio of CSCS?

Direxion Daily CSCO Bear 1X ETF (CSCS) charges an expense ratio of 2.99%. This is the annual fee deducted from fund assets to cover management and operations.

Is CSCS a good long-term hold?

CSCS is a inverse fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does CSCS's daily reset work?

CSCS rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is CSCS?

Direxion Daily CSCO Bear 1X ETF (CSCS) manages $2.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is CSCS actively managed or an index fund?

CSCS's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.