DIREXION SHARES ETF TRUST DIREXION DAILY FINL BR 3X SH NEW 21(R/S)DIREXION SHARES ETF TRUST DIREXION DAILY FINL BR 3X SH NEW 21(R/S)DIREXION SHARES ETF TRUST DIREXION DAILY FINL BR 3X SH NEW 21(R/S)

DIREXION SHARES ETF TRUST DIREXION DAILY FINL BR 3X SH NEW 21(R/S)

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Key stats


Assets under management (AUM)
‪2.22 B‬MXN
Fund flows (1Y)
‪2.08 B‬MXN
Dividend yield (indicated)
8.68%
Discount/Premium to NAV
−3.0%

About DIREXION SHARES ETF TRUST DIREXION DAILY FINL BR 3X SH NEW 21(R/S)


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

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 11, 2024
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows