Direxion Daily Financial Bear 3X Shares (FAZ)
| Assets | $112.05M |
| Expense Ratio | 1.04% |
| PE Ratio | n/a |
| Shares Out | 21.75M |
| Dividend (ttm) | $0.39 |
| Dividend Yield | 8.03% |
| Ex-Dividend Date | Mar 25, 2025 |
| Payout Ratio | n/a |
| 1-Year Return | -52.02% |
| Volume | 21,935,981 |
| Open | 4.760 |
| Previous Close | 5.140 |
| Day's Range | 4.740 - 4.940 |
| 52-Week Low | 4.970 |
| 52-Week High | 11.430 |
| Beta | -2.83 |
| Holdings | 9 |
| Inception Date | Nov 6, 2008 |
About FAZ
Fund Home PageThe Direxion Daily Financial Bear 3X Shares (FAZ) is an exchange-traded fund that is based on the S&P Financial Select Sector index. The fund provides 3x inverse exposure to a market cap-weighted index of US large-cap financial companies. FAZ was launched on Nov 6, 2008 and is issued by Direxion.
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 25, 2025 | $0.10318 | Apr 1, 2025 |
| Dec 23, 2024 | $0.04194 | Dec 31, 2024 |
| Sep 24, 2024 | $0.10163 | Oct 1, 2024 |
| Jun 25, 2024 | $0.14453 | Jul 2, 2024 |
| Mar 19, 2024 | $0.17961 | Mar 26, 2024 |
| Dec 21, 2023 | $0.08009 | Dec 29, 2023 |
News
Direxion Daily Financial Bear 3X Shares ETF: For Trading, Not Holding
Understand the construction of financial instruments to ensure they align with your investment goals and avoid frustrating those goals by using the wrong instruments. Leveraged ETFs are designed for s...
FAZ: A Tactical Risk-Enhancement Tool For A Financials Sector Bear Market
Leveraged inverse ETFs like FAZ can be used to gain from market declines, especially in the financial sector, but are not long-term investments. These ETFs should be held for no longer than a single t...
Fast And Furious Leveraged ETFs (FAS And FAZ)
The article discusses the 2 Direxion Daily Financial Bull & Bear 3x ETFs (FAS and FAZ) and how they provide 3x daily exposure to the S&P Financial Select Sector Index. The ETFs are not designed for lo...
May MDA Breakout Stocks/ETFs Week 19: High-Frequency Gainers To Give You An Edge
Two new Breakout Stocks for Week 19 with better than 10% short-term upside, ETF updates, and Dow 30 Picks. Average cumulative returns for 2023 are +65.7% YTD. Negative MG Signal continues, but peak ga...
MDA Breakout Stocks/ETFs Week 13 - March 2023: High-Frequency Gainers To Give You An Edge
Two new Breakout Stocks for Week 13 with better than 10% short-term upside and a Dow 30 Pick. Average cumulative returns for 2023 are +47.4% YTD. The Momentum Gauges® continue negative in bear funds f...
MDA Breakout Stocks/ETFs Week 12 - March 2023: High-Frequency Gainers To Give You An Edge
Two new Breakout Stocks for Week 12 with better than 10% short-term upside with ETFs and a Dow 30 Pick. Average cumulative returns for 2023 are +37.3% YTD. The Momentum Gauges® continue negative in be...
Direxion Daily Financial Bear 3x Shares ETF: It's Probably A Trap
Sentiment in the financial sector is bearish. Therefore, some may find this a good time to buy the Direxion Daily Financial Bear 3x Shares ETF. But I think there are two reasons why FAZ should be avoi...
Looking To Play Berkshire, JP Morgan, Bank Of America To The Downside? This ETF Offers 3X Leverage - Direxion Financial Bear 3X Shares (ARCA:FAZ)
The Direxion Financial Bear 3X Shares ETF FAZ was surging over 10% higher on Monday, with continued bullish momentum following the recent collapse of SVB Financial Group and Signature Bank, which has...
MDA Breakout Stocks/ETFs Week 11 - March 2023: High-Frequency Gainers To Give You An Edge
Two new Breakout Stocks for Week 11 with better than 10% short-term upside and Dow 30 Picks. Average cumulative returns for 2023 are +37.6% YTD. The Momentum Gauges® continued negative with bear funds...
Direxion Changes Index for Financial and Transportation Leveraged ETFs
Index Changes Take Effect August 1, 2022 NEW YORK , June 2, 2022 /PRNewswire/ -- Direxion (www.direxion.com), a leading provider of leveraged & inverse and thematic ETFs, announced it is changing the ...
Financials Look Ripe For A Reversal
The financials and banking stocks have been some of the best performing of the reflation trade since the second half of 2020. On the whole, we know banks like to make their profits by lending long ter...
Let's Take A Look At This Weeks Highest Performing ETFs 4/23
Many investors utilize exchange-traded funds (ETFs) which are diversified securities that contain various investments including stocks, commodities, and bonds . Here are the top-performing ETFs this w...
Let's Take A Look At This Weeks Highest Performing ETFs
Exchange Traded funds (ETFs) are excellent investment tools that can be purchased or sold on the stock market. Here are the highest performing ETFs this week that offer a wide variety of opportunities...
Let's Take A Look At This Weeks Highest Performing ETF
If a third stimulus check is headed your way, investing that money in an exchange-traded fund (ETF) could potentially pay off. ETFs are lower-risk investments that offer low management fees and allow ...
Let's Take A Look At This Weeks Highest Performing ETFs: AdvisorShares, Breakwave, MicroSectors
Many investors utilize exchange-traded funds (ETFs) which are diversified securities that contain various investments including stocks, commodities, and bonds. Here are the top-performing ETFs this we...
It's Mid-August -- Markets Are Topping Out: It Could Be Worse Than A Bad Seasonal Bear Phase
This piece is a sequel to our July 20 Seeking Alpha article (It's Still July, So Equities Are Still Rallying; August-September Will Be Calamitous, However).
Bleak Margin Outlook Boost Case For Bearish Bank ETF
Bank earnings start rolling in this week and has been widely noted, net interest margins are expected to come under pressure due to low interest rates.
Fantastic Time For FAS, FAZ As Bank Earnings Roll In
Second-quarter earnings season starts next week with the quarterly kick-off ritual of reports from the major investment and money center banks.
Good News For This Leveraged ETF: Bank Dividends Are Still At Risk
The results of the Federal Reserve's annual stress tests are in and the good news is that the Fed views the largest U.S. banks as well-capitalized, but there are still some ominous signs to consider.
3 ETFs To Short The Stock Market
With the S&P 500 having an awful week, it's fair to say there is money to be made on the downside in the current market environment.
3 ETFs Made For Shorting This Stock Market
With the S&P 500 having shed 7.6% on Monday, sliding to its lowest close since June, it's fair to say there is money to be made on the downside in the current market environment.
It Could Be Time For These Two Bearish Bank ETFs
Stocks rallied Monday and financial services names participated in that upswing, but if coronavirus-related selling returns, it's hard to imagine the S&P 500's third-largest sector weight providing an...