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Direxion Daily Financial Bear 3X Shares (FAZ)

NYSEARCA: FAZ · IEX Real-Time Price · USD
18.07 -0.64 (-3.42%)
Oct 22, 2021 4:00 PM EDT - Market closed
Assets$130.17M
NAV$18.72
Expense Ratio1.08%
PE Ration/a
Shares Out6.95M
Dividend (ttm)n/a
Dividend Yieldn/a
Ex-Dividend DateMar 24, 2020
1-Year Return
-
Volume2,125,188
Open18.56
Previous Close18.71
Day's Range17.96 - 18.56
52-Week Low17.96
52-Week High127.20
Beta-2.56
Holdings0
Inception DateNov 6, 2008

About FAZ

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Russell 1000® Financial Services Index. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). 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-capitalization U.S. equity market. It is non-diversified.

Asset ClassEquity
SectorFinancial Services
RegionNorth America
IssuerDirexion Investments
Stock ExchangeNYSEARCA
Ticker SymbolFAZ
Index TrackedRussell 1000 Financial Services Index

Dividends

Ex-DividendAmountPay Date
Mar 24, 2020$0.35688Mar 31, 2020
Dec 23, 2019$0.58408Dec 31, 2019
Sep 24, 2019$1.92776Oct 1, 2019
Mar 19, 2019$1.0996Mar 26, 2019
Dec 27, 2018$1.6312Jan 4, 2019
Sep 25, 2018$0.838Oct 2, 2018
Full Dividend History

News

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.

3 months ago - Investopedia

Falling Yields Have the Financial Sector Bears Salivating

Bond yields have been falling, which begs the question: could inflationary pressures really be transitory? The Direxion Daily Financial Bear 3X ETF (FAZ) certainly hopes so.

3 months ago - ETF Trends

4 Best Inverse/Leveraged ETFs of Last Week

Rate hike talks weighed on the stock market last week. These inverse/leveraged ETF areas gained the maximum.

Other symbols:DUSTHIBSSMDDVO
4 months ago - Zacks Investment Research

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 wee...

Other symbols:ACVFTZA
6 months 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 f...

Other symbols:ACVFTZA
6 months 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 in...

Other symbols:REMXRETLTZA
7 months ago - Benzinga

ETF Odds & Ends: IAU Share Split & More

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

7 months 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 week...

Other symbols:BDRYHDGETZA
7 months ago - Benzinga

ETF Odds & Ends: FANG+ ETNs Split

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

Other symbols:HIBLHYLBSOXLTECLTZA
8 months ago - ETFcom

3 Inverse ETFs Ready to Tick Higher in 2021

“Plan your trade and trade your plan.” ETF traders should exercise due diligence by using tools like ETF Database's fund screener.

Other symbols:DRVTYD
9 months ago - ETF Trends

Inverse ETFs Gaining More Than 20% in September

The month of September has been brutal for the U.S. stock market with the S&P 500 Index on track for its sharpest decline in September since 2002.

Other symbols:DRIPHIBSSMDDSQQQTECS
1 year ago - Zacks Investment Research

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.

1 year 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
1 year 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.

1 year ago - Benzinga

4 ETF Areas Appear Most Vulnerable to Market Turbulence

Signs of rising coronavirus cases with easing lockdowns, the Fed???s cautious outlook on the economy, and chances of a rise in corporate taxes if Democrats make it to the presidency are concerns for Wal...

Other symbols:ERYSMNTZA
1 year ago - Zacks Investment Research

Alternative ETFs to Hedge Against Weakness in the Financial Sector

The financial sector is widely expected to suffer extended damage from the coronavirus fallout, and this earnings season will provide a glimpse of the devastation.

Other symbols:SEFSKF
1 year ago - ETF Trends

Can the Financial Sector Weather the Coronavirus Outbreak Storm?

The financial sector has been one of the hardest hit as stay-at-home orders across the national are forcing places like banks to readjust their businesses in order to keep pace with the social distancin...

Other symbols:ARKFFASFINX
1 year ago - ETF Trends

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
1 year 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
1 year ago - Benzinga

It Could Be Time For These Two Bearish Bank ETFs

Stocks rallied Monday and financial services names participated in that upswing, but if coronavirus-related selling returns, it's hard to imagine the S&P 500's third-largest sector weight providing any ...

1 year ago - Benzinga

Buy These ETFs if U.S. Yield Curve Flattens Further

U.S. yield curve has flattened for the first time since October. Buy these ETFs.

Other symbols:SEFSKF
1 year ago - Zacks Investment Research

2 Russell 1000 Leveraged ETFs For More Broad Market Participation

While many investors are familiar with the benchmark S&P 500 index, or the historic Dow Jones Industrial Average, the Russell 1000 is less recognizable.

Other symbols:FAS
1 year ago - ETF Trends

Leveraged ETFs for Investors Looking to Trade Financials Short Term

With market volatility coiled and ready to explode at any moment due to heightened tensions from the U.S. trade beef with China, Brexit negotiations, an all-time high in stocks, and looming global uncer...

Other symbols:FAS
1 year ago - ETF Trends

Leverage the Strength or Weakness of the Financial Sector with These ETFs

Value plays like the financial sector are leading the markets to highs in the S&P 500 and Dow Jones Industrial Average. It could translate to more strength in the coming months, which can give traders t...

Other symbols:FAS
1 year ago - ETF Trends

Figuring Out The Way To Play Financials With Leverage

The financial services sector, the third-largest sector weight in the S&P 500 is under siege thanks in part to declining interest rates.

Other symbols:FAS
2 years ago - Benzinga