Direxion Daily CSCO Bear 1X ETF (CSCS)

The Direxion Daily CSCO Bear 1X ETF seeks daily investment results, before fees and expenses, of 100% of the inverse (opposite) of the daily performance of the common stock of Cisco Systems, Inc. (CSCO). It is designed to rise in value on days when Cisco shares fall and to decline when they rise.

Cisco, based in San Jose, California, sells networking hardware such as routers and switches together with security, collaboration and observability software and services. The fund obtains its short exposure mainly through swap agreements and holds cash and short-term instruments.

The fund is sponsored by Direxion. Because it targets returns for a single day and resets daily, results over longer periods can differ meaningfully from the inverse of Cisco's return over the same period.