Direxion Daily LMT Bear 1X ETF

Direxion Daily LMT Bear 1X ETF is a single-stock inverse exchange-traded fund designed to deliver the opposite of the daily performance of the common shares of Lockheed Martin Corporation. According to the sponsor, it targets negative one-times the stock’s daily return, making it a tool for expressing short-term, bearish views or for hedging exposure tied to defense and aerospace equities linked to Lockheed Martin’s price movements. As a daily resetting inverse product, its results over periods longer than a day can diverge from the underlying due to compounding, particularly in volatile markets, and it is characterized as riskier than traditional diversified ETFs. The fund’s structure focuses on a single company rather than an index, eliminating diversification benefits and concentrating outcomes on company-specific drivers such as defense procurement cycles, contract awards, budgetary dynamics, and geopolitical developments that influence Lockheed Martin’s share price. Launched in August 2025 with a stated net expense ratio of 0.97%, it is positioned for experienced traders seeking tactical, short-term exposure to inverse daily moves in Lockheed Martin’s stock.