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NYSEARCA:FAZDirexion Daily Financial Bear 3X Shares Stock Price, Forecast & News

$19.19
+0.34 (+1.80 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$18.40
Now: $19.19
$19.40
50-Day Range
$18.85
MA: $25.74
$30.66
52-Week Range
$18.40
Now: $19.19
$77.64
Volume7.15 million shs
Average Volume3.37 million shs
Market Capitalization$342.98 million
P/E RatioN/A
Dividend Yield1.87%
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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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.79 out of 5 stars


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$342.86 million
Average Daily Volume$5.92 million
Discount/Premium0.01%

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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FAZ stock has decreased by 58.2% and is now trading at $19.19. View which stocks have been most 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 declared a quarterly dividend on Monday, December 23rd. Stockholders of record on Tuesday, December 24th will be paid a dividend of $0.073 per share on Tuesday, December 31st. This represents a $0.29 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend 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 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 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?

Media stories about FAZ stock have been trending extremely negative this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Direxion Daily Financial Bear 3X Shares earned a media sentiment score of -5.0 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock'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?

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 shareholders include Jacobs & Co. CA (0.23%), Tower Research Capital LLC TRC (0.17%), Morgan Stanley (0.05%), Two Sigma Securities LLC (0.04%), Blair William & Co. IL (0.03%) and Optimum Investment Advisors (0.01%).

Which major investors are selling Direxion Daily Financial Bear 3X Shares stock?

FAZ stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley.

Which major investors are buying Direxion Daily Financial Bear 3X Shares stock?

FAZ stock was acquired by a variety of institutional investors in the last quarter, including Jacobs & Co. CA, Tower Research Capital LLC TRC , Two Sigma Securities LLC, Blair William & Co. IL, and Optimum Investment Advisors.

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 $19.19.

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

Direxion Daily Financial Bear 3X Shares has a market capitalization of $342.98 million.

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

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

This page was last updated on 5/30/2020 by MarketBeat.com Staff

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