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Direxion Daily Financial Bear 3X Shares (FAZ)

31.89
BATS BZX Real-Time Price
As of 3:19pm ET
 -0.40 / -1.24%
Today’s Change
30.00
Today|||52-Week Range
68.42
-22.56%
Year-to-Date

Investment Objective

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Russell 1000  Financial Services Index. The fund creates short positions by investing at least 80% of its assets in: swap agreements; futures contracts; options; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide inverse leveraged and unleveraged exposure to the index. 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-cap U.S. equity market. The fund is non-diversified.

No recent news for Direxion Daily Financial Bear 3X Shares.

Performance

1 month+0.91% 3 years-34.59%
3 months-23.02% 5 years-49.46%
1 year-35.75% Since inception-61.22%
Data through 09/27/2016

Quote Details

Previous close$32.29
Open day’s range31.74 – 32.71
Net asset value (NAV)32.33 (09/26/2016)
Daily volume257,275
Average volume (3 months)2,040,339
Data as of 3:19pm ET, 09/27/2016

Peer Comparisonvs. Trading--inverse equity ETFs

 FAZCategory
Performance 5-yr return-49.46%-30.54%
Expense Gross exp ratio1.01%0.90%
Risk 5 year sharpe ratio-1.31--
Net assets$317.9M$154.9M
Average market cap----
Average P/E----
Dividend / Share--0.35%

Competitors

SH ProShares Short S&P500
SDS ProShares UltraShort S&P500
SPXU ProShares UltraPro Short S&P500

Holdings

Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
Holdings not available.