Definition:
BGZ, the Direxion Daily Large Cap Bear 3X Shares ETF seeks to track the inverse performance of the Russell 1000 Index. The inverse ETF is constructed as a 3x leveraged ETF on the Russell 1000. So the goal is to delivery an increased daily performance on the inverse direction of the index.
The fund is a large-cap style ETF and since it tracks the Russell 1000 index, BGZ can also be considered a market ETF.To see more inverse ETFs, check out the List of Inverse ETFs and ETNs.
