Short Interest in Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) Expands By 39.1%

Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 403,585 shares, an increase of 39.1% from the January 15th total of 290,067 shares. Based on an average trading volume of 1,099,089 shares, the days-to-cover ratio is presently 0.4 days. Approximately 17.0% of the shares of the company are short sold. Approximately 17.0% of the shares of the company are short sold. Based on an average trading volume of 1,099,089 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Direxion Daily Financial Bear 3X Shares

Large investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. raised its holdings in shares of Direxion Daily Financial Bear 3X Shares by 119.5% during the second quarter. SBI Securities Co. Ltd. now owns 18,372 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 10,002 shares during the last quarter. UBS Group AG boosted its holdings in Direxion Daily Financial Bear 3X Shares by 5,908.8% in the third quarter. UBS Group AG now owns 27,400 shares of the real estate investment trust’s stock valued at $1,108,000 after purchasing an additional 26,944 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Direxion Daily Financial Bear 3X Shares during the 2nd quarter worth about $175,000. Finally, Squarepoint Ops LLC raised its stake in shares of Direxion Daily Financial Bear 3X Shares by 48.7% during the 2nd quarter. Squarepoint Ops LLC now owns 218,391 shares of the real estate investment trust’s stock valued at $959,000 after buying an additional 71,516 shares during the last quarter. 9.56% of the stock is owned by hedge funds and other institutional investors.

Direxion Daily Financial Bear 3X Shares Trading Up 0.2%

Shares of Direxion Daily Financial Bear 3X Shares stock traded up $0.10 on Friday, reaching $45.64. 1,696,570 shares of the stock were exchanged, compared to its average volume of 1,412,289. The business has a 50 day moving average price of $39.51 and a two-hundred day moving average price of $41.71. Direxion Daily Financial Bear 3X Shares has a twelve month low of $34.87 and a twelve month high of $87.90.

Direxion Daily Financial Bear 3X Shares Company Profile

Direxion Daily Financial Bear 3x Shares (the Fund) seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Russell 1000 Financial Services Index (the Index). The Index is a subset of the Russell 1000 Index that measures the performance of the securities classified in the financial services sector of the large cap United States equity market. The Fund invests in sectors, such as banks, diversified financial services, real estate investment trust, financial data and systems, asset management and custodian, securities brokerage and services, and consumer lending.