Direxion Daily Financial Bear 3x ETF (FAZ)
Direxion Daily Financial Bear 3x ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $31.31, down 0.67% on the session, giving a market capitalisation of $90.2M. Its beta of -2.11 implies it has historically moved less than the broad market.
The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse 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 (opposite) or short leveraged exposure to the Index.
Direxion Daily Financial Bear 3x ETF is most often compared with the following Financial Services names: