FAZ

Direxion Daily Financial Bear 3x Shares

$44.04

+0.00%

Market closed. Last update: 11:57 AM ET

📎 Investment Objective

The Direxion Daily Financial Bear 3x Shares ETF (FAZ) seeks to provide daily investment results that correspond to three times the inverse (-3x) of the daily performance of the Russell 1000® Financial Services Index.

Overview

ETF tracking Direxion Daily Financial Bear 3x Shares

Category Leveraged

Issuer Other

Inception Date 2008-11-05

Market Cap N/A

Average Volume N/A

Dividend Yield 0.50%

52-Week Range $39.97 - $78.90

VWAP $43.84

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to achieve its daily -3x leveraged exposure to the target index. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides -3x daily leveraged exposure to the Russell 1000 Financial Services Index
Designed for short-term, tactical trading rather than long-term buy-and-hold investing
Employs derivatives to achieve its daily leveraged performance objective
Resets exposure daily, which can lead to compounding effects over longer holding periods

⚠️ Primary Risks

Significant daily volatility and potential for losses, especially over periods longer than one day
Risks associated with the use of derivatives, including counterparty risk and leverage risk
Potential for divergence between the fund's performance and the inverse of the underlying index performance
Not suitable for investors who are unable to actively monitor and manage their positions

👤 Best For

This ETF is designed for experienced, sophisticated investors with a high risk tolerance who seek short-term, tactical exposure to the financial services sector through a leveraged inverse strategy. It is not suitable for long-term buy-and-hold investors or those with a low risk appetite.