Direxion Daily Financial Bear 3X Shares (FAZ)

NYSEARCA: FAZ · IEX Real-Time Price · USD
22.68
-0.44 (-1.90%)
Aug 9, 2022 9:43 AM EDT - Market open
-1.90%
Assets $170.05M
NAV $22.98
Expense Ratio 1.01%
PE Ratio n/a
Shares Out 7.40M
Dividend (ttm) n/a
Dividend Yield n/a
Ex-Dividend Date Mar 24, 2020
1-Year Return -4.71%
Volume 292,439
Open 22.91
Previous Close 23.12
Day's Range 22.68 - 23.02
52-Week Low 15.77
52-Week High 32.59
Beta -2.65
Holdings 12
Inception Date Nov 6, 2008

About FAZ

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 measures the performance of U.S. large capitalization companies that are assigned to the Financials Industry by the ICB sector classification framework. It is non-diversified.

Asset Class Equity
Sector Financial Services
Region North America
Issuer Direxion Investments
Stock Exchange NYSEARCA
Ticker Symbol FAZ
Index Tracked Financial Select Sector TR Index

Top 10 Holdings

-0.66% of assets
Name Symbol Weight
DREYFUS GOVT CASH MGMT n/a 43.28%
DREYFUS TREASURY SECURITIES CASH MANAGEMENT n/a 23.82%
GOLDMAN FINL SQ TRSRY INST 506 n/a 15.02%
DREYFUS GOVT CASH MGMT n/a 12.95%
GOLDMAN FINL SQ TRSRY INST 506 n/a 11.39%
DREYFUS TREASURY SECURITIES CASH MANAGEMENT n/a 0.00%
DREYFUS GOVT CASH MGMT n/a 0.00%
GOLDMAN FINL SQ TRSRY INST 506 n/a 0.00%
Financial Select Sector Index SWAP n/a -47.67%
FINANCIAL SELECT SECTOR INDEX SWAP n/a -59.45%
View More Holdings

Dividends

Ex-Dividend Amount Pay Date
Mar 24, 2020 $0.3569 Mar 31, 2020
Dec 23, 2019 $0.5841 Dec 31, 2019
Sep 24, 2019 $1.9278 Oct 1, 2019
Mar 19, 2019 $1.0996 Mar 26, 2019
Dec 27, 2018 $1.6312 Jan 4, 2019
Sep 25, 2018 $0.838 Oct 2, 2018
Full Dividend History

News

Winning Inverse ETFs in S&P 500's Worst Week Since 2020

The S&P 500 entered into a bear market last week. Steep Fed rate hike last week and chances of more such hikes in the coming months triggered heightened recessionary fears.

Other symbols: DRVHIBSSMDDSPXSSSGTZA

Top Performing Leveraged/Inverse ETFs: 06/12/2022

Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

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 un...

Other symbols: FASTPOR

6 Best Inverse/Leveraged ETF Areas of Last Week

Wall Street was downbeat last week, with losses seen in all major indexes.

Top Performing Leveraged/Inverse ETFs: 05/15/2022

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Other symbols: DRIPDRVDUSTJDSTTECSZSL

5 Inverse/Leveraged ETF Areas of Last Week

Wall Street was downbeat last week, with losses seen in all major indexes

Top Performing Leveraged/Inverse ETFs: 05/01/2022

Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Top Performing Leveraged/Inverse ETFs: 04/03/2022

Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

ETF Odds & Ends: Quiet Yet Eventful Week

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

Direxion Makes Index, Expense Ratio Changes

Direxion had a number of index changes that will be effective on or about April 22nd, 2022. They are: Direxion Daily MSCI Real Estate Bull 3X Shares (DRV) Fund name changed to the Direxion Daily Real Es...

Other symbols: DRNDRVFASRWGVRWVG

Wage Inflation Could Keep Pushing Financials Lower

The prospect of rate increases might have seemed like a boon for banks in 2022, but wage inflation is looking to cast gloomy skies over the financial sector. That was evident with banks starting 2022 of...

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.

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.

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

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

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

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

ETF Odds & Ends: IAU Share Split & More

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

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

ETF Odds & Ends: FANG+ ETNs Split

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

Other symbols: HIBLHYLBSOXLTECLTZA

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

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

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.

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

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.