FAZ - Direxion Daily Financial Bear 3X ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
11.85
+0.63 (+5.61%)
At close: 4:00PM EST
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Previous Close11.22
Open11.31
Bid11.80 x 3200
Ask12.10 x 1000
Day's Range10.97 - 12.04
52 Week Range8.80 - 13.39
Volume5,929,204
Avg. Volume2,717,279
Net Assets134.97M
NAV10.24
PE Ratio (TTM)N/A
Yield0.35%
YTD Return-11.82%
Beta (3Y Monthly)-2.99
Expense Ratio (net)0.95%
Inception Date2008-11-06
Trade prices are not sourced from all markets
  • Bank Stocks in Bear Market: Short Sector With These ETFs
    Zacks5 days ago

    Bank Stocks in Bear Market: Short Sector With These ETFs

    Play these inverse financial ETFs as bank stocks slip into bear market.

  • Why Are Financial Stocks Falling when Rising Rates Should Help?
    Market Realist18 days ago

    Why Are Financial Stocks Falling when Rising Rates Should Help?

    Financial stocks are often spotlighted as major beneficiaries of rate increases, but this is a misconception. Gradual rate hikes over long periods are, in fact, good for banks. Because while rising rates mean banks can charge more for loans, they have an adverse effect on the price of fixed-income securities like bonds, which make up the bulk of banks’ assets.

  • ETF Trends2 months ago

    Bank Earnings Deluge Could be Huge For These ETFs

    An avalanche of third-quarter earnings reports from the lagging financial services sector are expected starting this week. With some analysts and sector observers not enthusiastic about banks’ near-term ...

  • Benzinga2 months ago

    Earnings Bell Rings For These Leveraged ETFs

    Third-quarter earnings season kicks off in earnest this week and that means an imminent avalanche of earnings reports from the financial services sector. When it comes to leveraged ETFs and the financial services, the kings are the Direxion Daily Financial Bull 3X Shares (NYSE: FAS) and the Direxion Daily Financial Bear 3X Shares (NYSE: FAZ). The bullish FAS looks to deliver triple the daily returns of the Russell 1000 Financial Services Index while the bearish FAZ attempts to mirror triple the daily inverse returns of that benchmark.

  • ETF Trends2 months ago

    October is a Huge Month for Leveraged Bank ETFs

    With October here, third-quarter earnings season is right around the corner. That could bring opportunities with leveraged exchange traded funds, which are ideally suite for aggressive traders looking ...

  • ETF Trends3 months ago

    Bank, Financial Sector ETFs Could Continue to Lag Behind

    Bank and financial sector-related ETFs have been underperforming despite the rising interest rate environment, and the segment of the market may continue to drag its feet. The Financial Select Sector SPDR (XLF) rose 1.2% and SPDR S&P Bank ETF (KBE) gained 2.5% so far this year, whereas the S&P 500 increased 10.1%. Despite the Federal Reserve's intention to continue raising interest rates, Matt Maley, equity strategist at Miller Tabak, highlighted the recent underperformance in banks and issued a warning over the weakness, CNBC reports.

  • ETF Trends7 months ago

    Possibilities With Leveraged Financial ETFs

    The financial services sector has had its shares of struggles this year, vexing investors even as interest rates rise and members of the sector report strong earnings. FAS seeks to deliver three time the daily performance of the Russell 1000 Financial Services Index. FAS has a bearish counterpart, the Direxion Daily Financial Bear 3X Shares (FAZ) .

  • ETF Trends8 months ago

    Putting Volatility in Financials to Work in Short-Term Trades

    Amid a recent onslaught of earnings reports, the financial services sector has spent plenty of time in the spotlight. Some data points indicate volatility for the group has inched higher as well. That ...

  • Benzinga8 months ago

    Wall Street Has Not Loved Bank Earnings So Far

    View more earnings on FAS See more from Benzinga Traders Still Like These Leveraged Sector ETFs Dodd-Frank Rollback Lures Traders To This ETF © 2018 Benzinga.com. Benzinga does not provide investment advice. ...

  • How Long Will Financials Fly?
    Market Realist9 months ago

    How Long Will Financials Fly?

    Incredibly, the S&P500 Financials GICS Level 1 is up over 25% since the inauguration of Donald Trump.  Interestingly, the early push in the sector was really tied to the potential repeal of Dodd-Frank and how that repeal could unleash banks’ balance sheets. Financial stocks are, obviously, sensitive to how well the overall economy acts, since they grease the wheels. Most valuations for banks have fallen in the near term, as earnings pop when tax rates come down.

  • Yahoo Finance Video5 months ago

    EARNINGS: JPMorgan beats on trading revenue, Citigroup credit card revenues drop

    Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after JPMorgan and Citigroup both beat Wall Street estimates on profits.

  • MARKETS: Goldman explains why Q2 earnings might be better for stocks than Q1
    Yahoo Finance Video5 months ago

    MARKETS: Goldman explains why Q2 earnings might be better for stocks than Q1

    Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves after a Goldman Sachs note explains why stocks may fare better after earnings beats as second quarter results are announced.

  • MARKETS: BofAML warns of a 1998 crisis redux
    Yahoo Finance Video5 months ago

    MARKETS: BofAML warns of a 1998 crisis redux

    Yahoo Finance's Seana Smith and Jared Blikre break down the latest market action after Bank of America Merrill Lynch issues a warning in their weekly Flow Show report that the markets are eerily similar to the prelude to the Asian/LTCM crisis of 1998. Also money keeps pouring into tech stocks.

  • MARKETS: Q2 earnings season will be a stock picker's dream
    Yahoo Finance Video5 months ago

    MARKETS: Q2 earnings season will be a stock picker's dream

    Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves as investors gear up for second quarter 2018 earnings.

  • MARKETS: Hot money is flowing into tech stocks and out of financials
    Yahoo Finance Video6 months ago

    MARKETS: Hot money is flowing into tech stocks and out of financials

    Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves after Bank of America Merrill Lynch released their weekly Flow Show report.

  • MARKETS: Rising credit card delinquencies are a canary in the coal mine
    Yahoo Finance Video7 months ago

    MARKETS: Rising credit card delinquencies are a canary in the coal mine

    Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.

  • MARKETS: Here's your map to the biggest Fed week in weeks
    Yahoo Finance Video7 months ago

    MARKETS: Here's your map to the biggest Fed week in weeks

    Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action as 11 speeches by Federal Reserve officials are on deck, as are the minutes from the prior FOMC meeting. On Thursday and Friday, the Dallas Federal Reserve hosts the "Technology-Enabled Disruption: Implications for Business, Labor Markets and Monetary Policy" event, in which no blockchain or cryptocurrency talks are scheduled. Monday: Bostic 12:15 pm Harker 2:05 pm Kashkari 5:30 pm Wednesday: FOMC Minutes 2:00 pm Kashkari 2:15 pm Thursday: Dudley 3:00 am Bostic 10:35 am Harker 2:00 pm Friday: Powell 9:20 am Kaplan 11:45 am Bostic 11:45 am Evans 11:45 am

  • Buffett: We'll own more of American Express someday
    Yahoo Finance Video7 months ago

    Buffett: We'll own more of American Express someday

    Warren Buffett answers a question about Berkshire Hathaway's investments in American Express and other payments processors.

  • MARKETS: Here's why big bank stocks are crashing
    Yahoo Finance Video8 months ago

    MARKETS: Here's why big bank stocks are crashing

    Yahoo Finance's Jared Blikre joins Seana Smith from the New York Stock Exchange to discuss the latest market moves after JPMorgan Chase, Citigroup and Wells Fargo reported quarterly earnings before the bell.

  • NYSE trader: Here's what I expect from Powell and the Fed today
    Yahoo Finance Video9 months ago

    NYSE trader: Here's what I expect from Powell and the Fed today

    Alan Valdes, director of floor operations at Silverbear Capital, joins Yahoo Finance's Seana Smith live from the floor of the New York Stock Exchange to discuss the latest market moves.

  • Tiffany stock dives, as wedding ring buyers apparently flocking to Amazon
    Yahoo Finance Video9 months ago

    Tiffany stock dives, as wedding ring buyers apparently flocking to Amazon

    Yahoo Finance's Jared Blikre and Alexis Christoforous break down the latest market action after Tiffany & Co. report fourth quarter earnings and revenue that beat Wall Street expectations, but disappoint on same-store comp. sales.

  • PayPal CEO Dan Schulman on why tech pioneers must constantly change and innovate
    Yahoo Finance Video9 months ago

    PayPal CEO Dan Schulman on why tech pioneers must constantly change and innovate

    The disruption of mobile is not only transforming retail and other industries, it is helping to democratize financial services. In this episode, PayPal president and CEO Dan Schulman talks about the power of fintech, why even tech pioneers must constantly change and innovate, and why diversity is critical for commercial success. -- Originally aired: August 2, 2017

  • DSW stock jumps despite a revenue miss and weak guidance
    Yahoo Finance Video9 months ago

    DSW stock jumps despite a revenue miss and weak guidance

    Yahoo Finance's Jared Blikre and Alexis Christoforous break down the latest market action.

  • NYSE trader: Financial, tech and retail stocks need to lead this rally
    Yahoo Finance Video9 months ago

    NYSE trader: Financial, tech and retail stocks need to lead this rally

    Keith Bliss of Cuttone and Company joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.

  • NYSE trader: Powell will have to tell Congress his biggest fear
    Yahoo Finance Video9 months ago

    NYSE trader: Powell will have to tell Congress his biggest fear

    Keith Bliss of Cuttone and Company joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss Federal Reserve Chairman Jerome Powell testifying before the House of Representatives' Committee on Financial Services about the Federal Reserve's Semiannual Monetary Policy Report to the Congress, in Washington D.C.