DIREXION DAILY FINANCIAL BEAR 3X SHARES

NYSE ARCA: FAZ
$10.61
-$0.10 (-0.9%)
Closing price May 7, 2024

FAZ Chart and Intraday Price

FAZ Company Data

Asset Type ETF
Exchange NYSE ARCA
Direxion Daily Financial Bear 3X Shares is an exchange-traded fund (ETF) designed for investors looking to capitalize on declines in the financial sector. Managed by Rafferty Asset Management, this fund achieves its goal by investing in derivatives and other funds, specifically targeting large-cap companies within the financial sector. It aims to offer three times the inverse daily performance of the Financials Select Sector Index, making it a strategic choice for those anticipating downturns in financial stocks.

FAZ Articles

During market sell-offs, market crashes and periods of major uncertainty, triple-leverage exchange traded funds become the most battered of all.
In a period when the stock market has hit new all-time highs, trading volume has been extremely light in the month of August.
Source: Jon OggThe Direxion Daily Financial Bull 3X Shares (NYSEMKT: FAS) and the inverse Direxion Daily Financial Bear 3X Shares (NYSEMKT: FAZ) are leading our Daily ETF Folly feature ahead of the...
Moody’s is not without question over how it rated (and still rates) many issues after the credit crisis.  The problem with that caveat is that ratings agencies are still considered relevant by...
Investors are still trying to key off of which banks can and cannot hike their dividends under Federal Reserve approval.  In short, it is the healthy versus the unhealthy.  We have stated that...
The elections are over and the Republicans took over the House but not the Senate as expected.  Today is D-Day for Quantitative Easing or QE2… Decision Day.  Now it is time to deal with the...
Quantitative easing, or QE2, is coming to a head.  What we will see depends upon whom you ask, and the verdict seems to depend on the direction of the wind each day.  QE2 may also be the epitome of...
By now you know all about leveraged ETF and leveraged inverse ETF products.  But you might not have heard of two new leveraged and inverse ETFs that launched from ProShares and KBW Inc. (NYSE:...
The end of this last week and weekend reviews showed how the highly volatile Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) and the Direxion Daily Financial Bull 3X Shares (NYSE: FAS) were...
This weekend’s edition of the Unusual Suspects would have probably been all about earnings, earnings, earnings.  Friday’s SEC-Goldman news changed that.  Our cast of characters for this coming...
Earlier this week came an alert that a technical event was likely to be seen in the major money center banks and major financial institution stocks pertaining to the 50-day moving averages.  After...
This week is the week we have 6 DJIA components reporting earnings as the first real week of earnings season, but the big financial stocks reporting will set the tone for how the rest of the...
It was just last week that the DJIA was on its eighth consecutive day of a rally and the junkiest of companies were running rampant.  But as the economic numbers started to finally bring in some...
Two months ago it was a carnal sin to suggest that certain exchange-traded funds or notes which track commodities would start trading more like a closed-end fund based upon supply and demand moves in...
The Financial Industry Regulatory Authority and the Securities and Exchange Commission decided to issue an Investor Alert yesterday called “Leveraged and Inverse ETFs: Specialized Products with...