Direxion Financial Bear 3X SharesDirexion Financial Bear 3X SharesDirexion Financial Bear 3X Shares

Direxion Financial Bear 3X Shares

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Key stats


Assets under management (AUM)
‪128.32 M‬USD
Fund flows (1Y)
‪129.70 M‬USD
Dividend yield (indicated)
6.89%
Discount/Premium to NAV
2.06%

About Direxion Financial Bear 3X Shares


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Expense ratio
1.08%
Home page
Inception date
Nov 6, 2008
Index tracked
Financial Select Sector
Management style
Passive
FAZ makes a big and bearish one-day bet against large-cap US financials stocks. It provides -3x exposure to a market cap-weighted index that captures the financials segment of the S&P 500. To gain inverse exposure to the index, FAZ invests in swap agreements, futures contracts, and short positions on the index. As a leveraged product, FAZ is not a buy-and-hold ETF, it is a short-term tactical instrument. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index. Over longer periods, returns can vary significantly from -3x exposure to its underlying index. Prior to February 28, 2022, the fund tracked the Russell 1000 Financials Services Index. On August 1, 2022, the fund ceased tracking the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index.

Classification


Asset Class
Equity
Category
Sector
Focus
Financials
Niche
Broad-based
Strategy
Vanilla
Weighting scheme
Market cap
Selection criteria
Committee
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%

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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.