FAZ - Direxion Daily Financial Bear 3X Shares

NYSEArca - Nasdaq Real Time Price. Currency in USD
-0.90 (-4.61%)
As of 1:42PM EDT. Market open.
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Previous Close19.56
Bid18.68 x 3100
Ask18.69 x 4000
Day's Range18.65 - 19.71
52 Week Range18.40 - 77.64
Avg. Volume5,003,274
Net Assets342.84M
PE Ratio (TTM)N/A
YTD Daily Total Return-29.13%
Beta (5Y Monthly)-2.40
Expense Ratio (net)1.07%
Inception Date2008-11-06
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    An Uncertain 2020 for Finance Sector Puts Fintech ETFs in Focus

    As with most sectors, 2019 saw the financial sector manage strong gains amid the U.S.-China trade war, but with a murky outlook to start 2020, it could mean looking into niche areas for investors. ETF investors, in particular, they can look to financial technology (fintech) funds that can capitalize on innovation in the sector. “Last year saw the sector pushed and pulled by factors including three Federal Reserve rate cuts, waffling on the U.S.-China trade deal and weak but eventually improving economic data from some of the world's largest economies,” wrote Maya Sasson in Kiplinger.

  • ETF Trends

    Leverage the Strength or Weakness of the Financial Sector with These ETFs

    Value plays like the financial sector are leading the markets to highs in the S&P 500 and Dow Jones Industrial Average. It could translate to more strength in the coming months, which can give traders the opportunity to play the long and short side of the financial sector with a pair of Direxion Investments ETFs. “As 2019 seems to be coming to an end quickly, value is outperforming growth again, and this might be sustainable into 2020,” wrote registered investment advisor David Templeton on Seeking Alpha.

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    This Financial ETF Could be Fun in October

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    The UK’s Financial Sector Leads the Way in AI Use

    When it comes to the United Kingdom, the financial sector leads the way when it comes to using artificial intelligence (AI), according to new research from Microsoft. For traders looking to leverage up in the financial sector, this could be a trading opportunity for  Direxion Daily Financial Bull 3X ETF (FAS)  and  Direxion Daily Financial Bear 3X ETF (FAZ)  , depending on where their intuitions are. Microsoft’s report showed that nearly three-quarters (72%) of banks, insurance firms and other financial institutions are incorporating the use of AI technology.

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    Why Financial Services ETFs Are Worth a Look For Traders

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  • Benzinga

    Figuring Out The Way To Play Financials With Leverage

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  • How to Short Financial Sector With ETFs

    How to Short Financial Sector With ETFs

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  • ETF Trends

    Rate Cuts Could Put “FAZ” Inverse ETF in Play Through 2019

    As big banks continue to report their second-quarter earnings this week, some are already expressing concern with respect to the possibility of rate cuts by the Federal Reserve through 2019. In particular, profits could shrink as a result of lower interest rates, which could put the Direxion Daily Financial Bear 3X ETF (FAZ)  in play. FAZ seeks daily investment results that equate to 300% of the inverse (or opposite) of the daily performance of the Russell 1000® Financial Services Index.

  • Benzinga

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    Fed Gives Banks Green Light for More Payouts to Investors

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