Direxion Daily NVDA Bear 1X Shares

The investment seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of Microsoft Corporation.
The fund will enter into one or more swap agreements with major global financial institutions whereby the fund and the global financial institution will agree to exchange the return earned on an investment by the fund in MSFT that is equal, on a daily basis, to -100% of the value of the fund’s net assets. It is non-diversified.