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Direxion Shares ETF Trust - Direxion Daily Concentrated Qs Bear 1X Shares an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. It invests in public equity markets. The fund invests directly, through derivatives and through other funds in stocks of companies operating across diversified sectors. It employs short strategy and uses derivatives such as swaps and futures to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. It seeks to track the inverse of the daily performance of the Indxx Front of the Q Index. Direxion Shares ETF Trust - Direxion Daily Concentrated Qs Bear 1X Shares was formed on March 7, 2014 and is domiciled in the United States.