Direxion Daily Financial Bear 3X Shares (FAZ)

NYSEARCA: FAZ · Real-Time Price · USD
7.36
+0.28 (3.95%)
Oct 31, 2024, 4:00 PM EDT - Market closed
3.95%
Assets $123.52M
Expense Ratio 1.08%
PE Ratio n/a
Shares Out 17.20M
Dividend (ttm) $0.51
Dividend Yield 7.15%
Ex-Dividend Date Sep 24, 2024
Payout Ratio n/a
1-Year Return -67.05%
Volume 11,231,133
Open 7.12
Previous Close 7.08
Day's Range 7.04 - 7.36
52-Week Low 6.74
52-Week High 20.74
Beta -2.60
Holdings 8
Inception Date Nov 6, 2008

About FAZ

Fund Home Page

The Direxion Daily Financial Bear 3X Shares (FAZ) is an exchange-traded fund that is based on the Financial Select Sector index. The fund provides 3x inverse exposure to a market cap-weighted index of US large-cap financial companies. FAZ was launched on Nov 6, 2008 and is issued by Direxion.

Asset Class Equity
Category Trading--Inverse Equity
Region North America
Stock Exchange NYSEARCA
Ticker Symbol FAZ
ETF Provider Direxion
Index Tracked Financial Select Sector

Dividends

Ex-Dividend Amount Pay Date
Sep 24, 2024 $0.10163 Oct 1, 2024
Jun 25, 2024 $0.14453 Jul 2, 2024
Mar 19, 2024 $0.17961 Mar 26, 2024
Dec 21, 2023 $0.08009 Dec 29, 2023
Sep 19, 2023 $0.14902 Sep 26, 2023
Jun 21, 2023 $0.16861 Jun 28, 2023
Full Dividend History

News

Fast And Furious Leveraged ETFs (FAS And FAZ)

The article discusses the 2 Direxion Daily Financial Bull & Bear 3x ETFs (FAS and FAZ) and how they provide 3x daily exposure to the S&P Financial Select Sector Index. The ETFs are not designed for lo...

Other symbols: FAS
1 year ago - Seeking Alpha

May MDA Breakout Stocks/ETFs Week 19: High-Frequency Gainers To Give You An Edge

Two new Breakout Stocks for Week 19 with better than 10% short-term upside, ETF updates, and Dow 30 Picks. Average cumulative returns for 2023 are +65.7% YTD. Negative MG Signal continues, but peak ga...

1 year ago - Seeking Alpha

MDA Breakout Stocks/ETFs Week 13 - March 2023: High-Frequency Gainers To Give You An Edge

Two new Breakout Stocks for Week 13 with better than 10% short-term upside and a Dow 30 Pick. Average cumulative returns for 2023 are +47.4% YTD. The Momentum Gauges® continue negative in bear funds f...

1 year ago - Seeking Alpha

MDA Breakout Stocks/ETFs Week 12 - March 2023: High-Frequency Gainers To Give You An Edge

Two new Breakout Stocks for Week 12 with better than 10% short-term upside with ETFs and a Dow 30 Pick. Average cumulative returns for 2023 are +37.3% YTD. The Momentum Gauges® continue negative in be...

1 year ago - Seeking Alpha

SVB's Collapse Hit Banking ETFs

The biggest bank failure since the financial crisis reverberated across the industry.

1 year ago - ETFcom

Direxion Daily Financial Bear 3x Shares ETF: It's Probably A Trap

Sentiment in the financial sector is bearish. Therefore, some may find this a good time to buy the Direxion Daily Financial Bear 3x Shares ETF. But I think there are two reasons why FAZ should be avoi...

1 year ago - Seeking Alpha

Looking To Play Berkshire, JP Morgan, Bank Of America To The Downside? This ETF Offers 3X Leverage - Direxion Financial Bear 3X Shares (ARCA:FAZ)

The Direxion Financial Bear 3X Shares ETF  FAZ was surging over 10% higher on Monday, with continued bullish momentum following the recent collapse of SVB Financial Group and Signature Bank, which has...

1 year ago - Benzinga

MDA Breakout Stocks/ETFs Week 11 - March 2023: High-Frequency Gainers To Give You An Edge

Two new Breakout Stocks for Week 11 with better than 10% short-term upside and Dow 30 Picks. Average cumulative returns for 2023 are +37.6% YTD. The Momentum Gauges® continued negative with bear funds...

1 year ago - Seeking Alpha

Direxion Changes Index for Financial and Transportation Leveraged ETFs

Index Changes Take Effect August 1, 2022 NEW YORK , June 2, 2022 /PRNewswire/ -- Direxion (www.direxion.com), a leading provider of leveraged & inverse and thematic ETFs, announced it is changing the ...

Other symbols: FASTPOR
2 years ago - PRNewsWire

ETF Odds & Ends: Quiet Yet Eventful Week

Global events seem to have put a damper on the U.S. ETF industry.

Other symbols: BBAXBGRNDRNDRVFAS
2 years ago - ETFcom

Volatile Market Conditions Could Drive Investors to Trade

The curious investor will naturally want to know what could be done if stocks start trending downward more persistently.

Other symbols: DUGIWMRWMSHSPXSSPYTZA
3 years ago - Investopedia

Financials Look Ripe For A Reversal

The financials and banking stocks have been some of the best performing of the reflation trade since the second half of 2020. On the whole, we know banks like to make their profits by lending long ter...

Other symbols: BACBTOCDPSTFASFNCLFTXO
3 years ago - Seeking Alpha

U.S. Banks Beat Street. Will Their Winning Ways Continue?

U.S. big banks Q1 earnings beat Street. Will their winning ways continue?

Other symbols: BTOFASFNCLFXOIYFIYGKBE
3 years ago - Seeking Alpha

Let's Take A Look At This Weeks Highest Performing ETFs 4/23

Many investors utilize exchange-traded funds (ETFs) which are diversified securities that contain various investments including stocks, commodities, and bonds . Here are the top-performing ETFs this w...

Other symbols: ACVFTZA
3 years ago - Benzinga

Let's Take A Look At This Weeks Highest Performing ETFs

Exchange Traded funds (ETFs) are excellent investment tools that can be purchased or sold on the stock market. Here are the highest performing ETFs this week that offer a wide variety of opportunities...

Other symbols: ACVFTZA
3 years ago - Benzinga

Let's Take A Look At This Weeks Highest Performing ETF

If a third stimulus check is headed your way, investing that money in an exchange-traded fund (ETF) could potentially pay off. ETFs are lower-risk investments that offer low management fees and allow ...

Other symbols: REMXRETLTZA
3 years ago - Benzinga

ETF Odds & Ends: IAU Share Split & More

The last two weeks saw a lot of activity in the ETF space.

3 years ago - ETFcom

Let's Take A Look At This Weeks Highest Performing ETFs: AdvisorShares, Breakwave, MicroSectors

Many investors utilize exchange-traded funds (ETFs) which are diversified securities that contain various investments including stocks, commodities, and bonds. Here are the top-performing ETFs this we...

Other symbols: BDRYHDGETZA
3 years ago - Benzinga

ETF Odds & Ends: FANG+ ETNs Split

Also, the Select Sector SPDRs had their expense ratios lowered by 1 basis point.

4 years ago - ETFcom

It's Mid-August -- Markets Are Topping Out: It Could Be Worse Than A Bad Seasonal Bear Phase

This piece is a sequel to our July 20 Seeking Alpha article (It's Still July, So Equities Are Still Rallying; August-September Will Be Calamitous, However).

4 years ago - Seeking Alpha

Bleak Margin Outlook Boost Case For Bearish Bank ETF

Bank earnings start rolling in this week and has been widely noted, net interest margins are expected to come under pressure due to low interest rates.

4 years ago - Benzinga

Fantastic Time For FAS, FAZ As Bank Earnings Roll In

Second-quarter earnings season starts next week with the quarterly kick-off ritual of reports from the major investment and money center banks.

Other symbols: FAS
4 years ago - Benzinga

Good News For This Leveraged ETF: Bank Dividends Are Still At Risk

The results of the Federal Reserve's annual stress tests are in and the good news is that the Fed views the largest U.S. banks as well-capitalized, but there are still some ominous signs to consider.

4 years ago - Benzinga

3 ETFs To Short The Stock Market

With the S&P 500 having an awful week, it's fair to say there is money to be made on the downside in the current market environment.

Other symbols: HIBS
5 years ago - Benzinga

3 ETFs Made For Shorting This Stock Market

With the S&P 500 having shed 7.6% on Monday, sliding to its lowest close since June, it's fair to say there is money to be made on the downside in the current market environment.

Other symbols: HIBS
5 years ago - Benzinga