As of October 2, 2017, Direxion Shares ETF Trust - Direxion Daily Healthcare Bear 3X Shares has gone out of business. Direxion Shares ETF Trust - Direxion Daily Healthcare Bear 3X 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 to invest in other exchange traded funds and through derivatives like futures contracts, options, and swap agreements to invest in stocks of companies operating in the healthcare sector including pharmaceuticals, health care providers & services, health care equipment & supplies, biotechnology, life sciences tools & services, and health care technology. It primarily invests in stocks of large-cap companies. The fund also invests some portion of its portfolio in money market funds or short-term debt instruments. It seeks to replicate thrice the inverse of the daily performance of the Health Care Select Sector Index. Direxion Shares ETF Trust - Direxion Daily Healthcare Bear 3X Shares was formed on December 3, 2015 and is domiciled in the United States.