November 16, 2016 - By Louis Casey · 0 Comments
Nov 16 is a positive day so far for Direxion Daily Financial Bear 3X ETF (NYSEARCA:FAZ) as the ETF is active during the day after gaining 3.36% to hit $26.12 per share. The exchange traded fund has 259.70M net assets and 3.15% volatility this month.
Over the course of the day 226,102 shares traded hands, as compared to an average volume of 1.73 million over the last 30 days for Direxion Daily Financial Bear 3X ETF (NYSEARCA:FAZ).
The ETF is -61.11% of its 52-Week High and 0.30% of its low, and is currently having ATR of 1.18. This year’s performance is -35.38% while this quarter’s performance is -17.18%.
The ETF’s YTD performance is -23.9%, the 1 year is -25.19% and the 3 year is -33.19%.
The fund’s top holdings are: Russ 1000 Finan Indx Swap for 12.46% of assets, Goldman Finl Sq Trsry Ins for 3.73%, Fidelity Institutional Go for 2.46%.
More notable recent Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) news were published by: Marketwatch.com which released: “Direxion Daily Financial Bear 3x Shares” on December 22, 2009, also Quotes.Wsj.com with their article: “DOW JONES, A NEWS CORP COMPANY” published on March 20, 2015, Etfdailynews.com published: “Direxion Announces Reverse Share Splits Of Six Leveraged ETFs” on August 10, 2015. More interesting news about Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) were released by: Marketwatch.com and their article: “/quotes/zigman/3870025/realtime” published on July 19, 2013 as well as Etftrends.com‘s news article titled: “Direxion to Shutter Five Leveraged Bear ETFs” with publication date: September 03, 2014.
Direxion Daily Financial Bear 3x Shares seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Russell 1000 Financial Services Index (the Index). The company has a market cap of $259.70 million. 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 United States equity market. It currently has negative earnings. The Fund invests in sectors, such as banks, diversified financial services, real estate investment trust, financial data and systems, asset management and custodian, securities brokerage and services, and consumer lending.
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By Louis Casey