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NYSEARCA:FAZ

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

$21.28
+0.46 (+2.21%)
(As of 10:21 AM ET)
Compare
Today's Range
$20.73
▼
$21.41
50-Day Range
$19.61
▼
$23.53
52-Week Range
$15.14
▼
$32.59
Volume
692,868 shs
Average Volume
3.08 million shs
Market Capitalization
$161.73 million
Assets Under Management
$165.34 million
Dividend Yield
1.27%
Net Expense Ratio
1.01%
ProfileChartHeadlinesHoldingsOptions Chain

About Direxion Daily Financial Bear 3X Shares

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.

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FAZ ETF News Headlines

May 14, 2023 | marketwatch.com
Direxion Daily Financial Bear $FAZ Pivots Trading Plans and Risk Controls
April 27, 2023 | finanznachrichten.de
Direxion: Finding Trades In A Cautious Financial Sector
June 5, 2023 | Edge On The Street (Ad)
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium
The soaring demand for lithium is driven by worldwide demand for electric vehicles (EVs). Lithium is ideal for electric cars. It's lightweight, stores lots of energy and is rechargeable. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040.
April 21, 2023 | msn.com
Unusual Call Option Trade in Direxion Daily Small Cap Bear 3X Shares (TZA) Worth $167.31K
March 13, 2023 | finance.yahoo.com
SVB’s Collapse Hit Banking ETFs
February 28, 2023 | benzinga.com
Direxion Financial Bear 3X Shares (ARCA:FAZ), Quotes and News Summary
May 17, 2022 | fool.com
Direxion Daily Financial Bear 3X Shares ETF (FAZ)
April 29, 2022 | markets.businessinsider.com
Why Is This ETF Soaring?
June 5, 2023 | Edge On The Street (Ad)
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium
The soaring demand for lithium is driven by worldwide demand for electric vehicles (EVs). Lithium is ideal for electric cars. It's lightweight, stores lots of energy and is rechargeable. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040.
April 8, 2022 | finance.yahoo.com
Sky Announces CFO Change
See More Headlines

FAZ Price History

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
Financials Select Sector Index
Category
Sector
Focus
Financials
Development Level
Developed Markets
Region
North America
Number of Holdings
13

Fund Statistics

Assets Under Management
$165.34 million
Average Daily Volume
$2.89 million
Discount/Premium
-5.03%

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
2,839
Put Options
819
Call Options
2,020
Short Interest
808,700 shs

Miscellaneous

Outstanding Shares
8,100,000
Beta
-2.64
Creation Unit
50,000
Creation Fee
$250.00


Direxion Daily Financial Bear 3X Shares Expenses

TypeFAZFinancials ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.75%0.46%0.52%0.50%0.49%
Other Expenses0.26%1.68%0.48%0.65%0.51%
Total Expense1.01%1.10%0.67%0.74%0.66%
Fee Waiver0.00%-0.37%-0.49%-0.70%-0.53%
Net Expense1.01%1.03%0.58%0.57%0.55%

Direxion Daily Financial Bear 3X Shares (FAZ) Holdings

Top 10 FAZ Holdings

  • GOLDMAN FINL SQ TRSRY INST 506
    Holding Weight: 35.72%
  • DREYFUS GOVT CASH MGMT
    Holding Weight: 33.20%
  • DREYFUS GOVT CASH MGMT
    Holding Weight: 10.45%
  • GOLDMAN FINL SQ TRSRY INST 506
    Holding Weight: 8.22%
  • DREYFUS TREASURY SECURITIES CASH MANAGEMENT
    Holding Weight: 8.21%
  • DREYFUS TREASURY SECURITIES CASH MANAGEMENT
    Holding Weight: 0.90%
  • DREYFUS GOVT CASH MGMT
    Holding Weight: 0.00%
  • GOLDMAN FINL SQ TRSRY INST 506
    Holding Weight: 0.00%
  • FINANCIAL SELECT SECTOR INDEX SWAP
    Holding Weight: -6.95%
  • Financial Select Sector Index SWAP
    Holding Weight: -41.46%
Full Holdings Details













FAZ ETF - Frequently Asked Questions

How have FAZ shares performed in 2023?

Direxion Daily Financial Bear 3X Shares' stock was trading at $19.28 at the start of the year. Since then, FAZ stock has increased by 8.0% and is now trading at $20.82.
View the best growth stocks for 2023 here.

What does FAZ invest in?

Direxion Daily Financial Bear 3X Shares is a equity fund issued by Direxion. FAZ focuses on financials investments and follows the Financials Select Sector Index. The fund's investments total to approximately $165.34 million assets under management.

What is the management fee for Direxion Daily Financial Bear 3X Shares?

Direxion Daily Financial Bear 3X Shares' management fee is 0.75% and has other expenses of 0.26%. The net expense ratio for FAZ is 1.01%.

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

Direxion Daily Financial Bear 3X Shares shares reverse split before market open 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.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Direxion Daily Financial Bear 3X Shares investors own include Direxion Daily Gold Miners Index Bull 2x Shares (NUGT), NIO (NIO), Tesla (TSLA), Direxion Daily Small Cap Bear 3X Shares (TZA), Walt Disney (DIS), Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG), NVIDIA (NVDA), PayPal (PYPL), Netflix (NFLX) and Alibaba Group (BABA).

What is Direxion Daily Financial Bear 3X Shares' stock symbol?

Direxion Daily Financial Bear 3X Shares trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "FAZ."

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

Direxion Daily Financial Bear 3X Shares' stock is owned by many different retail and institutional investors. Top institutional investors include IMC Chicago LLC (0.00%), Susquehanna International Group LLP (0.00%), Bank of America Corp DE (1.56%), Petra Financial Advisors Inc. (0.77%), Virtu Financial LLC (0.63%) and Woodward Diversified Capital LLC (0.31%).

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Direxion Daily Financial Bear 3X Shares' stock price today?

One share of FAZ stock can currently be purchased for approximately $20.82.

How much money does Direxion Daily Financial Bear 3X Shares make?

Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) has a market capitalization of $168.64 million.

This page (NYSEARCA:FAZ) was last updated on 6/5/2023 by MarketBeat.com Staff

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