Direxion Daily Financial Bear 3X Shares (FAZ) Price, Holdings, & News

ETF Overview

Direxion Daily Financial Bear 3x Shares (the Fund) seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Russell 1000 Financial Services Index (the Index). The Index is a subset of the Russell 1000 Index that measures the performance of the securities classified in the financial services sector of the large cap United States equity market. The Fund invests in sectors, such as banks, diversified financial services, real estate investment trust, financial data and systems, asset management and custodian, securities brokerage and services, and consumer lending. The Fund invests 80% of its net assets in futures contracts; indices and futures contracts; equity caps, collars and floors; swap agreements, forward contracts; short positions; reverse repurchase agreements; exchanges traded funds and other financial instruments. The Fund's adviser is Rafferty Asset Management, LLC.

Key Stats

• Today's Range: $4.24 to $4.42
• 50-Day Range: $4.16 to $5.14
• 52-Week Range: $4.15 to $9.13
• Volume: 28.62 million shs
• Average Volume: 26.49 million shs
• Market Capitalization: $105.84 million
• Assets Under Management: $98.65 million
• Dividend Yield: 6.35%
• Net Expense Ratio: 1.04%
• Aggregate Rating: N/A

FAZ ETF - Frequently Asked Questions

How have FAZ shares performed this year?

Direxion Daily Financial Bear 3X Shares' stock was trading at $6.37 at the beginning of the year. Since then, FAZ stock has decreased by 30.8% and is now trading at $4.41.

When did Direxion Daily Financial Bear 3X Shares' stock split?

Direxion Daily Financial Bear 3X Shares shares reverse split on Friday, June 28th 2019.The 1-5 reverse split was announced on Friday, May 24th 2019. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, June 27th 2019. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

Who are Direxion Daily Financial Bear 3X Shares' major shareholders?

Direxion Daily Financial Bear 3X Shares' top institutional investors include Squarepoint Ops LLC (0.91%), Group One Trading LLC (0.84%), Jane Street Group LLC and Simplex Trading LLC (0.19%).

How do I buy shares of Direxion Daily Financial Bear 3X Shares?

Shares of FAZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Direxion Daily Financial Bear 3X Shares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Direxion Daily Financial Bear 3X Shares investors own include SPDR S&P 500 ETF Trust (SPY), Dell Technologies (DELL), Vanguard S&P 500 ETF (VOO), V.F. (VFC), ProShares Ultra Semiconductors (USD), Walmart (WMT) and Tesla (TSLA).

Fund Details

• Issuer: Direxion
• Fund Name: Direxion Daily Financial Bear 3X Shares
• Tax Classification: Regulated Investment Company
• Stock Exchange: NYSEARCA
• Current Symbol: NYSEARCA:FAZ
• Inception Date: 11/6/2008
• Fund Manager: Paul Brigandi, Tony Ng
• Web: www.direxionshares.com
• Phone: N/A

Fund Focus

• Asset Class: Equity
• Benchmark: Financial Select Sector Index
• Category: Sector
• Focus: Financials
• Development Level: Developed Markets
• Region: North America
• Number of Holdings: 23

Fund Statistics

• Assets Under Management: $98.65 million
• Average Daily Volume: $30.46 million
• Discount/Premium: -0.01%
• Leveraged: -3.00

Administrator, Advisor and Custodian

• Administrator: U.S. Bancorp Fund Services, LLC
• Advisor: Rafferty Asset Management, LLC
• Custodian: The Bank of New York Mellon Corporation
• Distributor: Foreside Fund Services, LLC
• Transfer Agent: The Bank of New York Mellon Corporation
• Trustee: N/A
• Lead Market Maker: Virtu Financial

Options

• Optionable: Optionable
• Options Volume: 472
• Put Options: 137
• Call Options: 335
• Short Interest: 3,900,000 shs

Miscellaneous

• Outstanding Shares: 24,000,000
• Beta: -2.64
• Creation Unit: 50,000
• Creation Fee: $250.00