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Direxion Daily Financial Bear 3X Shares (FAZ)

39.25
Delayed Data
As of 3:59pm ET
 -2.69 / -6.41%
Today’s Change
35.01
Today|||52-Week Range
68.42
-4.69%
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.

Performance

1 month+18.43% 3 years-32.16%
3 months-4.29% 5 years-44.18%
1 year-4.61% Since inception-61.08%
Data through 06/29/2016

Quote Details

Previous close$41.94
Open day’s range39.22 – 41.50
Net asset value (NAV)41.97 (06/28/2016)
Daily volume4,294,707
Average volume (3 months)1,723,939
Data as of 3:59pm ET, 06/29/2016

Peer Comparisonvs. Trading--inverse equity ETFs

 FAZCategory
Performance 5-yr return-44.18%-30.54%
Expense Gross exp ratio1.01%0.92%
Risk 5 year sharpe ratio-1.13--
Net assets$355.2M$155.9M
Average market cap----
Average P/E----
Dividend / Share--0.35%

Competitors

SH ProShares Short S&P500
TOTS Direxion Daily Total Market Bear 1X Shar...
SDS ProShares UltraShort 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.

Partner Offers