NYSEARCA:FAZ Direxion Daily Financial Bear 3X Shares (FAZ) Price, Holdings, & News $21.28 +0.46 (+2.21%) (As of 10:21 AM ET) Add Compare Share Share Today's Range$20.73▼$21.4150-Day Range$19.61▼$23.5352-Week Range$15.14▼$32.59Volume692,868 shsAverage Volume3.08 million shsMarket Capitalization$161.73 millionAssets Under Management$165.34 millionDividend Yield1.27%Net Expense Ratio1.01% ProfileProfileChartHeadlinesHoldingsOptions ChainProfileChartHeadlinesHoldingsOptions Chain About Direxion Daily Financial Bear 3X SharesDirexion 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.Read More Receive FAZ Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Direxion Daily Financial Bear 3X Shares and its competitors with MarketBeat's FREE daily newsletter. Email Address FAZ ETF News HeadlinesMay 14, 2023 | marketwatch.comDirexion Daily Financial Bear $FAZ Pivots Trading Plans and Risk ControlsApril 27, 2023 | finanznachrichten.deDirexion: Finding Trades In A Cautious Financial SectorJune 5, 2023 | Edge On The Street (Ad)Investor Alert: EV Initiatives Create Unsustainable Demand For LithiumThe 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.comUnusual Call Option Trade in Direxion Daily Small Cap Bear 3X Shares (TZA) Worth $167.31KMarch 13, 2023 | finance.yahoo.comSVB’s Collapse Hit Banking ETFsFebruary 28, 2023 | benzinga.comDirexion Financial Bear 3X Shares (ARCA:FAZ), Quotes and News SummaryMay 17, 2022 | fool.comDirexion Daily Financial Bear 3X Shares ETF (FAZ)April 29, 2022 | markets.businessinsider.comWhy Is This ETF Soaring?June 5, 2023 | Edge On The Street (Ad)Investor Alert: EV Initiatives Create Unsustainable Demand For LithiumThe 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.comSky Announces CFO ChangeSee More Headlines FAZ Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Fund Details IssuerDirexion Fund NameDirexion Daily Financial Bear 3X Shares Tax ClassificationRegulated Investment Company Stock ExchangeNYSEARCACurrent SymbolNYSEARCA:FAZ Inception Date11/6/2008 Fund ManagerPaul Brigandi, Tony Ng Webwww.direxionshares.com PhoneN/AFund Focus Asset ClassEquity BenchmarkFinancials Select Sector Index CategorySector FocusFinancials Development LevelDeveloped Markets RegionNorth America Number of Holdings13 Fund Statistics Assets Under Management$165.34 million Average Daily Volume$2.89 million Discount/Premium-5.03% Administrator, Advisor and Custodian AdministratorU.S. Bancorp Fund Services, LLC AdvisorRafferty Asset Management, LLC CustodianThe Bank of New York Mellon Corporation DistributorForeside Fund Services, LLC Transfer AgentThe Bank of New York Mellon Corporation TrusteeN/A Lead Market MakerVirtu Financial Options OptionableOptionable Options Volume2,839 Put Options819 Call Options2,020 Short Interest808,700 shs Miscellaneous Outstanding Shares8,100,000Beta-2.64 Creation Unit50,000 Creation Fee$250.00 Direxion Daily Financial Bear 3X Shares ExpensesTypeFAZFinancials ETFsEquity ETFsNYSEARCA ETFsAll ETFsManagement 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) HoldingsTop 10 FAZ HoldingsGOLDMAN FINL SQ TRSRY INST 506Holding Weight: 35.72%DREYFUS GOVT CASH MGMTHolding Weight: 33.20%DREYFUS GOVT CASH MGMTHolding Weight: 10.45%GOLDMAN FINL SQ TRSRY INST 506Holding Weight: 8.22%DREYFUS TREASURY SECURITIES CASH MANAGEMENTHolding Weight: 8.21%DREYFUS TREASURY SECURITIES CASH MANAGEMENTHolding Weight: 0.90%DREYFUS GOVT CASH MGMTHolding Weight: 0.00%GOLDMAN FINL SQ TRSRY INST 506Holding Weight: 0.00%FINANCIAL SELECT SECTOR INDEX SWAPHolding Weight: -6.95%Financial Select Sector Index SWAPHolding Weight: -41.46%Full Holdings Details Similar ETFsInvesco Global Listed Private Equity ETFNYSEARCA:PSPFirst Trust Nasdaq Bank ETFNASDAQ:FTXOMicroSectors US Big Banks Index 3X Leveraged ETNNYSEARCA:BNKUSPDR S&P Capital Markets ETFNYSEARCA:KCEPIMCO Preferred And Capital Securities Active Exchange-Traded FundNYSEARCA:PRFDInstitutional OwnershipSusquehanna International Group LLPSold 70,500 shares on 5/16/2023Ownership: 0.000%Jane Street Group LLCSold 65,626 shares on 5/16/2023Ownership: 0.139%Two Sigma Securities LLCBought 9,158 shares on 5/15/2023Ownership: 0.108%Bank of America Corp DEBought 63,324 shares on 5/12/2023Ownership: 1.557%UBS Group AGBought 12,819 shares on 5/12/2023Ownership: 0.156%View All Institutional Transactions 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Direxion Daily Financial Bear 3X Shares Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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