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NYSEARCA:FAZ - Direxion Daily Financial Bear 3X Shares Stock Price, Forecast & News

$34.98
-2.26 (-6.07 %)
(As of 03/31/2020 02:37 AM ET)
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Today's Range
$34.70
Now: $34.98
$39.22
50-Day Range
$24.16
MA: $37.65
$74.65
52-Week Range
$23.90
Now: $34.98
$77.64
Volume2.83 million shs
Average Volume1.52 million shs
Market Capitalization$261.41 million
P/E RatioN/A
Dividend Yield0.96%
BetaN/A
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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Basic Details

Issuer Direxion
Fund NameDirexion Daily Financial Bear 3X Shares
Tax ClassificationRegulated Investment Company
SymbolNYSEARCA:FAZ
Inception Date11/6/2008
Fund ManagerPaul Brigandi, Tony Ng
PhoneN/A

Fund Focus

Asset ClassEquity
BenchmarkRussell 1000 Financial Services Index
CategorySector
FocusFinancials
Development LevelDeveloped Markets
RegionNorth America

Fund Statistics

Assets Under Management$278.87 million
Average Daily Volume$2.83 million
Discount/Premium-0.08%

ETF Expenses

Management Fee0.75%
Other Expenses0.40%
Total Expenses1.15%
Fee Waiver-0.05%
Net Expenses1.10%

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
Trustee
Lead Market MakerVirtu Financial

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Currency Exposure of Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ)

Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) Frequently Asked Questions

How has Direxion Daily Financial Bear 3X Shares' stock been impacted by COVID-19 (Coronavirus)?

Direxion Daily Financial Bear 3X Shares' stock was trading at $45.96 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, FAZ stock has decreased by 23.9% and is now trading at $34.98. View which stocks have been mosted impacted by Coronavirus.

How often does Direxion Daily Financial Bear 3X Shares pay dividends? What is the dividend yield for Direxion Daily Financial Bear 3X Shares?

Direxion Daily Financial Bear 3X Shares announced a quarterly dividend on Monday, December 23rd. Investors of record on Tuesday, December 24th will be given a dividend of $0.073 per share on Tuesday, December 31st. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Monday, December 23rd. View Direxion Daily Financial Bear 3X Shares' dividend history.

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

Direxion Daily Financial Bear 3X Shares's stock 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 Direxion Daily Financial Bear 3X Shares stock prior to the reverse split would have 20 shares after the split.

Has Direxion Daily Financial Bear 3X Shares been receiving favorable news coverage?

News articles about FAZ stock have been trending very negative recently, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Direxion Daily Financial Bear 3X Shares earned a daily sentiment score of -3.7 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the near future. View the latest news aboutDirexion Daily Financial Bear 3X Shares.

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 Bull 3x Shares (NUGT), NIO (NIO), Direxion Daily Small Cap Bear 3X Shares (TZA), Tesla (TSLA), Walt Disney (DIS), Direxion Daily Junior Gold Miners Index Bull 3x Shares (JNUG), NVIDIA (NVDA), Netflix (NFLX), Alphabet (GOOG) and Paypal (PYPL).

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."

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

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

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

One share of FAZ stock can currently be purchased for approximately $34.98.

How big of a company is Direxion Daily Financial Bear 3X Shares?

Direxion Daily Financial Bear 3X Shares has a market capitalization of $261.41 million.  View additional information about Direxion Daily Financial Bear 3X Shares.

What is Direxion Daily Financial Bear 3X Shares' official website?

The official website for Direxion Daily Financial Bear 3X Shares is http://www.direxionshares.com/.


MarketBeat Community Rating for Direxion Daily Financial Bear 3X Shares (NYSEARCA FAZ)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  80 (Thanks for Voting!)
Underperform Votes:  93 (Thanks for Voting!)
Total Votes:  173
MarketBeat's community ratings are surveys of what our community members think about Direxion Daily Financial Bear 3X Shares and other stocks. Vote "Outperform" if you believe FAZ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FAZ will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/31/2020 by MarketBeat.com Staff

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