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NYSEARCA:FAZ

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

$10.70
+0.34 (+3.28%)
(As of 05/28/2024 ET)
Today's Range
$10.44
$10.81
50-Day Range
$9.75
$11.83
52-Week Range
$9.73
$23.76
Volume
2.48 million shs
Average Volume
2.96 million shs
Market Capitalization
$128.40 million
Assets Under Management
$149.38 million
Dividend Yield
5.42%
Net Expense Ratio
1.01%

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.

FAZ Stock Price History

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Fund Details

Issuer
Direxion
Fund Name
Direxion Daily Financial Bear 3X Shares
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:FAZ
Inception Date
11/6/2008
Fund Manager
Paul Brigandi, Tony Ng
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
10

Fund Statistics

Assets Under Management
$149.38 million
Average Daily Volume
$2.82 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
440
Put Options
24
Call Options
416
Short Interest
1,330,000 shs

Miscellaneous

Beta
-2.61
Creation Unit
50,000
Creation Fee
$250.00
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Direxion Daily Financial Bear 3X Shares Expenses

TypeFAZFinancials ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.75%0.50%0.54%0.51%0.51%
Other Expenses0.26%1.74%0.54%0.64%0.58%
Total Expense1.01%1.26%0.70%0.74%0.70%
Fee Waiver0.00%-0.48%-0.55%-0.68%-0.57%
Net Expense1.01%1.16%0.60%0.58%0.58%

Direxion Daily Financial Bear 3X Shares (FAZ) Holdings

Top 8 FAZ Holdings

  • DREYFUS GOVT CASH MAN INS
    Holding Weight: 42.82%
  • GOLDMAN FINL SQ TRSRY INST 506
    Holding Weight: 28.12%
  • DREYFUS TRSRY SECURITIES CASH MGMT
    Holding Weight: 25.55%
  • FINANCIAL SELECT SECTOR INDEX SWAP
    Holding Weight: -13.29%
  • FINANCIAL SELECT SECTOR INDEX SWAP
    Holding Weight: -52.81%
  • Financial Select Sector Index SWAP
    Holding Weight: -56.78%
  • Financial Select Sector Index SWAP
    Holding Weight: -79.49%
  • FINANCIAL SELECT SECTOR INDEX SWAP
    Holding Weight: -97.63%

FAZ ETF - Frequently Asked Questions

How have FAZ shares performed in 2024?

Direxion Daily Financial Bear 3X Shares' stock was trading at $13.67 at the beginning of the year. Since then, FAZ shares have decreased by 21.7% and is now trading at $10.70.
View the best growth stocks for 2024 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 $149.38 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's stock reverse split on the morning of 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 market closes 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).

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

Direxion Daily Financial Bear 3X Shares' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Virtu Financial LLC (0.95%) and IMC Chicago LLC (0.72%).

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.
Compare Top Brokerages Here.

This page (NYSEARCA:FAZ) was last updated on 5/28/2024 by MarketBeat.com Staff

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