Direxion Daily XOM Bear 1X Shares (Direxion Daily XOM Bear 1X ETF) ETF

The fund, under normal circumstances, invests in financial instruments, including swap agreements and options, that, in combination, provide 1X inverse (opposite) or short leveraged exposure to XOM equal to at least 80% of the fund’s net assets (plus borrowings for investment purposes). The fund is non-diversified.