Direxion Daily Financial Bear 3X Shares (FAZ)
16.22 Delayed Data As of Jan 27 | ![]() Today’s Change | 15.93 Today|||52-Week Range 32.59 | -15.87% Year-to-Date |
Investment Objective
The investment seeks daily investment results of 300% of the inverse (or opposite) of the daily performance of the Financials Select Sector Index. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index includes securities of companies from the following industries: Banks; Thrifts & Mortgage Finance; Diversified Financial Services; Consumer Finance; capital markets; Insurance; and Mortgage REITs. It is non-diversified.
Latest FAZ News
No recent news for Direxion Daily Financial Bear 3X Shares.
Performance
1 month | -17.68% | 3 years | -57.63% | |
3 months | -26.85% | 5 years | -46.85% | |
1 year | -18.66% | Since inception | -56.47% |
Data through 01/27/2023
Quote Details
Previous close | $16.23 |
Open day’s range | 15.94 – 16.33 |
Net asset value (NAV) | 16.21 (01/26/2023) |
Daily volume | 1,946,923 |
Average volume (3 months) | 3,529,756 |
Data as of 4:00pm ET, 01/27/2023
Peer Comparisonvs. Trading--inverse equity ETFs
FAZ | Category | |
---|---|---|
Performance 5-yr return | -46.85% | -29.79% |
Expense Gross exp ratio | 1.01% | -- |
Risk 5 year sharpe ratio | -0.82 | -- |
Net assets | $172.7M | -- |
Average market cap | -- | -- |
Average P/E | -- | -- |
Dividend / Share | -- | 9.68% |
Competitors
Holdings
Top 5 SectorsPortfolio weighting
Business service | -- |
Consumer goods | -- |
Consumer service | -- |
Energy | -- |
Financial service | -- |
Top 10 HoldingsPortfolio weighting
-- | 53.33% |
-- | 51.29% |
-- | 3.64% |