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FAZ - Direxion Daily Financial Bear 3X Shares

Stock Price: $31.24 USD -1.49 (-4.55%)
Updated Apr 21, 2021 4:00 PM EDT - Market closed
Assets $122.81M
NAV $32.72
Expense Ratio 1.07%
PE Ratio n/a
Beta (5Y) -2.55
Dividend (ttm) n/a
Dividend Yield n/a
Ex-Dividend Date Mar 24, 2020
1-Year Return -
Trading Day April 21
Last Price $31.24
Previous Close $32.73
Change ($) -1.49
Change (%) -4.55%
Day's Open 33.00
Day's Range 31.24 - 33.28
Day's Volume 528,799
52-Week Range 30.53 - 251.44

Fund Description

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 Class
Equity
Sector
Financial Services
Region
North America
Inception Date
Nov 6, 2008
Exchange
NYSEARCA
Ticker Symbol
FAZ
Index Tracked
Russell 1000 Financial Services Index

Dividends

Ex-DividendAmountPay Date
Mar 24, 2020$0.045Mar 31, 2020
Dec 23, 2019$0.073Dec 31, 2019
Sep 24, 2019$0.241Oct 1, 2019
Mar 19, 2019$0.137Mar 26, 2019
Dec 27, 2018$0.041Jan 4, 2019
Sep 25, 2018$0.0209Oct 2, 2018
Full Dividend History

News

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Exchange Traded Funds (ETFs) are excellent tools to help investors gain exposure in specific sectors on the stock market . Here are the highest performing ETFs this week that you should watch out for.

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3 weeks ago - Benzinga

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1 month ago - Benzinga

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

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1 month ago - ETFcom

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...

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1 month ago - Benzinga

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

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2 months ago - ETFcom

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

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3 months ago - ETF Trends

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.

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6 months ago - Zacks Investment Research

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.

9 months ago - Benzinga

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

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9 months ago - Benzinga

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.

9 months ago - Benzinga

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...

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10 months ago - Zacks Investment Research

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.

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1 year ago - ETF Trends

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...

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1 year ago - ETF Trends

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.

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1 year ago - Benzinga

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.

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1 year ago - Benzinga

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 ...

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1 year ago - Benzinga

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

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1 year ago - Zacks Investment Research

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.

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1 year ago - ETF Trends

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...

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1 year ago - ETF Trends

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...

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1 year ago - ETF Trends

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

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1 year ago - Benzinga

Given the massive outflow and the bearish outlook, the appeal for financial ETFs, especially banks, has dulled. As a result, investors who are bearish on the sector right now may want to consider a near...

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1 year ago - Zacks Investment Research

The Financial Select Sector SPDR Fund (NYSE: XLF), the largest exchange-traded fund tracking stocks in the S&P 500's third-largest sector, lost 1.56% last week.

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1 year ago - Benzinga

The second quarter is still in its nascent stages, but that also means first-quarter earnings season will be soon arriving.

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2 years ago - Benzinga

Are you spooked by an inverted yield curve? Play these inverse financial ETFs and tide over the widespread financial stock sell-off.

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2 years ago - Zacks Investment Research