Direxion Daily Small Cap Bear 3X Shares is a unique exchange-traded fund (ETF) that aims to provide investment results that correspond to three times the inverse (-3x) of the daily performance of the Russell 2000 Index. Managed by Rafferty Asset Management, this fund primarily invests in derivatives and futures to short small-cap U.S. stocks across various sectors, targeting those who seek to capitalize on declines in the small-cap market.