Direxion Daily Financial Bear 3X Shares (FAZ)

NYSEARCA: FAZ · IEX Real-Time Price · USD
15.62
-0.34 (-2.13%)
Dec 1, 2023, 4:00 PM EST - Market closed
-2.13%
Assets $238.28M
Expense Ratio 1.09%
PE Ratio n/a
Shares Out n/a
Dividend (ttm) $0.59
Dividend Yield 3.76%
Ex-Dividend Date Sep 19, 2023
Payout Ratio n/a
1-Year Return -6.52%
Volume 1,853,425
Open 16.05
Previous Close 15.96
Day's Range 15.51 - 16.07
52-Week Low 15.14
52-Week High 25.95
Beta n/a
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 19, 2023 $0.14902 Sep 26, 2023
Jun 21, 2023 $0.16861 Jun 28, 2023
Mar 21, 2023 $0.26879 Mar 28, 2023
Dec 20, 2022 $0.00094 Dec 28, 2022
Mar 24, 2020 $0.35688 Mar 31, 2020
Dec 23, 2019 $0.5841 Dec 31, 2019
Full Dividend History

News

As Banking Woes Continue, Get Bearish on Financials With This ETF

The economy is already having to contend with inflation when it comes to stifling growth, but the current banking system could bring additional strife. The International Monetary Fund (IMF) is worried...

8 months ago - ETF Trends

3 ETFs to Consider Amid the SVB Financial Fallout

The collapse of SVB Financial Group has been dumping a large bucket of volatility in bank stocks, opening up trade opportunities in leveraged exchange-traded funds (ETFs) from Direxion Investments.

Other symbols: DPSTFAS
9 months ago - ETF Trends

SVB's Collapse Hit Banking ETFs

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

9 months ago - ETFcom

Top Performing Leveraged/Inverse ETFs: 03/12/2023

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.

9 months ago - ETF Trends

As Banks Wobble, Watch Bullish Banking ETFs

As the viewing public turned towards the Oscars over the weekend, investors and market watchers were worried instead by bad news coming for the banking sector.

Other symbols: DPSTFTXOIATKRE
9 months ago - ETF Trends

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...

9 months ago - Benzinga

Financial Stocks: Fight or Flight?

Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are ...

Other symbols: FAS
10 months ago - ETF Trends

Top Performing Leveraged/Inverse ETFs: 01/22/2023

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: GGLLKOLDSDOWTSLTSLL
11 months ago - ETF Trends

Financial Sector Is Weathering the 2022 Storm Better Than Tech

It's been a tale of two sectors when specifically looking at technology and finance through the lens of two exchange traded funds (ETFs): the Direxion Daily Technology Bear 3X ETF (TECS) and the Direx...

Other symbols: TECS
1 year ago - ETF Trends

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.

1 year ago - ETF Trends

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
1 year ago - PRNewsWire

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
1 year ago - ETF Trends

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.

1 year ago - ETF Trends

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.

1 year ago - ETF Trends

ETF Odds & Ends: Quiet Yet Eventful Week

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

Other symbols: BBAXBGRNCPIDRNDRVFAS
1 year ago - ETFcom

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 ...

Other symbols: DRNDRVFAS
1 year ago - ETF Trends

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 ...

2 years ago - ETF Trends

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
2 years 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.

2 years ago - ETF Trends

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
2 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
2 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
2 years ago - Benzinga

ETF Odds & Ends: IAU Share Split & More

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

2 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
2 years 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
3 years ago - ETFcom