FAZ - Direxion Daily Financial Bear 3X Shares

NYSEArca - Nasdaq Real Time Price. Currency in USD
29.94
-0.35 (-1.16%)
As of 3:29PM EST. Market open.
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Previous Close30.29
Open30.09
Bid29.95 x 1100
Ask29.99 x 1400
Day's Range29.94 - 30.34
52 Week Range29.11 - 84.95
Volume299,101
Avg. Volume540,382
Net Assets165.18M
NAV30.29
PE Ratio (TTM)N/A
Yield1.98%
YTD Daily Total Return-54.88%
Beta (3Y Monthly)-2.81
Expense Ratio (net)1.07%
Inception Date2008-11-06
  • 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.

  • ETF Trends

    This Financial ETF Could be Fun in October

    The Financial Select Sector SPDR (NYSEArca: XLF), the largest financial services ETF, has traded slightly higher this month and there is a slew of looming events that could make an XLF an interesting, ...

  • ETF Trends

    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.

  • ETF Trends

    Bitcoin ETF Launch: SEC Chairman Says “Progress Is Being Made”

    Various firms like VanEck have tried to push through a Bitcoin ETF, but the SEC cited issues, such as price manipulation as a primary obstacle in getting a cryptocurrency-related fund approved. Clayton’s comments come ahead of two possible approvals or rejections for Bitcoin ETFs—one from Bitwise Asset Management and the other a joint effort from VanEck and Solid X. Both proposals were submitted late last year, but subsequent postponements have pushed the decision back. Are we any closer to seeing a Bitcoin ETF some day?

  • ETF Trends

    Why Financial Services ETFs Are Worth a Look For Traders

    The Financial Select Sector SPDR (XLF) , the largest financial services ETF, and rival funds are under pressure, but that could also mean the S&P 500's third-largest sector is worth a look for tactical traders. Market observers have previously warned that Wall Street banks could face pressure as tepid market volatility could have contributed to more muted trading desk activity. Furthermore, the Federal Reserve has signaled its intentions to cut interest rates, which would further hurt the banking industry’s ability to generate profits from lending.

  • Benzinga

    Figuring Out The Way To Play Financials With Leverage

    In response, the Financial Select Sector SPDR (NYSE: XLF), the largest ETF dedicated to the sector, finished August lower by about 5%. It's possible that the time to consider the Direxion Daily Financial Bull 3X Shares (NYSE: FAS) or the Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) is drawing near.

  • How to Short Financial Sector With ETFs
    Zacks

    How to Short Financial Sector With ETFs

    Given the massive outflow and the bearish outlook, the appeal for financial ETFs, especially banks, has dulled. As a result, investors who are bearish on the sector right now may want to consider a near-term short.

  • 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

    Apparently, Some Traders Are Nervous About Bank Earnings

    Citigroup (NYSE: C ) got the party started on Monday while JPMorgan Chase (NYSE: JPM ), Goldman Sachs (NYSE: GS ) and others in the financial space, continued the earnings parade yesterday. In other words, ...

  • ETF Trends

    Fed Gives Banks Green Light for More Payouts to Investors

    The Federal Reserve gave banks the green light to offer more payouts to investors after 18 of the largest financial firms passed the second round of stress tests designed to assess the health of the financial system. For financial sector bulls, this could boost the Direxion Daily Financial Bull 3X ETF (FAS) . FAS seeks daily investment results worth 300 percent of the daily performance of the Russell 1000 Financial Services Index.

  • PR Newswire

    Direxion Announces Reverse Splits of Eight ETFs

    NEW YORK , May 24, 2019 /PRNewswire/ -- Direxion has announced it will execute a reverse split of the issued and outstanding shares of the Direxion Daily Mid Cap Bear 3X Shares, Direxion Daily Small Cap ...

  • Top Performing Financials ETFs of 2018
    Investopedia

    Top Performing Financials ETFs of 2018

    At the beginning of 2018, optimism for the financials sector was reasonably high. A tax reform plan touted by President Trump had been passed in late 2017, with the effects due to impact the economy beginning in 2018.

  • Benzinga

    Once Again, It's Time For These Leveraged ETFs

    The group is bouncing back to start 2019, meaning the imminent earnings avalanche could test or lift financial services stocks and exchange-traded funds (ETFs). The bullish FAS attempts to deliver triple the daily returns of the Russell 1000 Financial Services Index while the bearish FAZ seeks daily returns that are triple the inverse performance of that index.

  • Fear an Inverted Yield Curve? Short Financial Stocks With ETFs
    Zacks

    Fear an Inverted Yield Curve? Short Financial Stocks With ETFs

    Are you spooked by an inverted yield curve? Play these inverse financial ETFs and tide over the widespread financial stock sell-off.

  • ETF Trends

    ETF Spotlight: Financials in Focus With FAS and FAZ

    The Direxion Daily Financial Bull 3X ETF (NYSEArca: FAS) and Direxion Daily Financial Bear 3X ETF (NYSEArca: FAZ) are options to play the financial sector, depending on where the trader’s bias lies. FAS ...

  • What 2019 May Have in Store for Financial Sector
    Market Realist

    What 2019 May Have in Store for Financial Sector

    Will the 2019 Market Rally Continue?(Continued from Prior Part)Direxion Are the financials finally in favor? Going into 2018, a lot of “experts” said that banks would be the primary beneficiaries in a rising rate environment, but that simply was

  • Zacks

    Not So Fast on that Trade Deal

    Not So Fast on that Trade Deal

  • ETF Trends

    Can This Leveraged Financial ETF Bank on More Gains in 2019?

    The Direxion Daily Financial Bull 3X ETF (NYSEArca: FAS) gained 5.62 percent on Wednesday as banks like Goldman Sachs and Bank of America reported positive earnings in what’s been a sold start to 2019 ...

  • ETF Trends

    The Right ETF For Flailing Financial Stocks

    After stumbling nearly 1% last Friday, the Financial Select Sector SPDR (NYSEArca: XLF) , the largest exchange traded fund dedicated to the financial services sector, is just over 20% below its 52-week high, many think the fund is in a bear market. The same is true for an array of financial services stocks and ETFs, which is good news for the Direxion Daily Financial Bear 3X Shares (FAZ) . FAZ attempts to deliver three times the daily inverse performance of the Russell 1000 Financial Services Index.

  • Profit From Bearish Financial Sector With Inverse ETFs
    Zacks

    Profit From Bearish Financial Sector With Inverse ETFs

    Investors who are bearish on the sector right now may want to consider a near-term short.