ETF Spotlight: Details On The Direxion Daily Financial Bear 3X Shares (NYSE:FAZ)
The Direxion Daily Financial Bear 3X Shares ETF (NYSE:FAZ) is surging in today’s trading session with gains in excess of 10%, as wall street sinks on continued concerns from the European debt crisis.
With increased reader demand for information on the Direxion Daily Financial Bear 3X Shares ETF (NYSE:FAZ) we have compiled a list highlighting any information related to the FAZ ETF below.
You can also check out our Direxion Financial Bear 3X ETF (NYSE:FAZ) Category: HERE
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Direxion Daily Financial Bear 3X Shares ETF (NYSE: FAZ)
The Financial Bear 3X Shares 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 (“Financial Index”). There is no guarantee the fund will meet its stated investment objective. The Russell 1000® Financial Services Index is a capitalization-weighted index of companies that provide financial services. As of April 30, 2008, the Index had 227 components, derived from the Russell 1000 Index with an average market capitalization of over $11 billion dollars and a median market capitalization of $4.4 billion dollars. One cannot directly invest in an Index.
Index Sector Weightings
| Banks: Diversified | 24.49% |
| Diversified Financial Services | 23.84% |
| Real Estate Invt. Trusts (REITS) | 11.59% |
| Financial Data & Systems | 9.67% |
| Insurance: Property-Casualty | 8.00% |
| Asset Mgmt. & Custodian | 6.02% |
| Insurance: Multi-Line | 5.68% |
| Insurance: Life | 4.30% |
| Securities Brokerage & Svcs | 3.95% |
| Banks: Svgs/Thrifts & Mort Lend | 1.46% |
| Real Estate | 0.57% |
| Consumer Lending | 0.42% |
The Direxion Financial Bull 3X ETF (FAS) Is Looking Oversold; Bear ETF (FAZ) Overbought
The financial sector has been one of the hardest hit in the past month due to their exposure to global debt markets. My ETFs of choice to trade the finance sector are Direxion Daily Financial Bull Read more…
The 3X Financial Bear ETF (FAZ) Is Seeing Heavy Options Activity
“Shares of the DIREXION 3X FINANCIAL BEAR ETF (NYSE: FAZ) are running significantly higher today; the ETF is higher by 9.95% to $13.93 Read more…
The Most Bank For Your Buck With These Direxion 3X Financial ETFs (FAS, FAZ)
“Two of the most popular exchange-traded funds present triple-threats in both opportunity and danger for investors wanting to play the financial sector. The Direxion Daily Financial Bull 3X Read more…
Thursday, May 6th ETF Movers: JOX, FAZ, DPK, DRV, VXX, BVL, UXJ, FAS, TAN, PFF, HAO
In trading on Thursday, the UltraShort MSCI Pacific ex-Jpn ProShares (JPX) outperformed other ETFs, up about 12.6% on the day. Also showing good gains on such a strange day are the Direxion Daily Financial Bear 3X Shares (FAZ) which was up Read more…
New Margin Rule Plays A Role In The Popular Direxion Financial ETFs (FAZ, FAS)
“Leveraged ETFs have found themselves in the regulatory spotlight repeatedly over the last year. Several investors who failed to understand the math behind leveraged ETFs have filed lawsuits Read more…
This ETF Could Quadruple At The Cost Of Goldman, Citigroup, And Other Financial Institutions
“Last week, I said that despite accusations of fraud against Goldman Sachs (NYSE: GS), I suspected it would “still land on its feet like a cat.” Even the grilling it got at the hands of self-serving Read more…
Options Activity Heats Up In The Direxion 3X Financial Bear ETF (NYSE:FAZ)
“(NYSE: FAZ) options saw interesting call activity today. A total of 4,573 put and 24,055 call contracts were traded raising a low Put/Call volume alert. Today’s traded Put/Call ratio is 0.19 Read more…
The Goldman Sachs Drama Sends Financial ETFs All Over The Map
“Investors had expected this week to be all about earnings reports. And for the first four days it was, with several bellwether firms reporting first quarter results that ranged from disappointing Read more…
Direxion Shares Lists Leveraged ETFs on NYSE Euronext’s European Market
Direxion, a pioneer in providing alternative and tactically-oriented investment strategies to sophisticated investors, is pleased to announce the listing of six Direxion Shares Daily ETFs Read more…
TradingMarkets launches Leveraged ETF PowerRatings
TradingMarkets has launched Leveraged ETF PowerRatings, a system that rates leveraged exchange-traded funds on the likelihood of their value making a Read more…
The Direxion 3X Financial ETF Crashed And Burned Investors In 2009
“Of the 881 ETFs tracked by Morningstar, the Direxion Daily Financial Bear 3X Shares Fund (NYSE: FAZ) has been the worst performing ETF in 2009 Read more…
December 1st Will Bring New FINRA Margin Requirements For Leveraged (Short) ETFs
“Effective December 1st, the Financial Regulatory Authority (FINRA) is implementing new margin requirements Read more…
Direxion Shares ETF Trust Named by Weiss & Lurie in Class Action
(BUSINESS WIRE)–A class action lawsuit against Direxion Shares ETF Trust (“Direxion” or the “Company”) and certain individuals associated with the Company was commenced in the United States District Court Read more…
Cramer Chimes In On The Most Dangerous ETF List
The bottom line here is that there are a lot of bad ETFs out there – “toxic financial products that could blow up in your face,” Cramer says – the worst of them, in his opinion: the Direxion Daily Read more…
Federman & Sherwood Announces Filing of First Securities Class Action Lawsuit Against Direxion Shares ETF Trust on Behalf of Those Investors Who Purchased or Otherwise Acquired Shares in Direxion Daily Financial Bear 3X Shares
On September 18, 2009, Federman & Sherwood filed the first class action lawsuit in the United States District Court for the Southern District of New York against Direxion Shares ETF Trust and others on behalf of any and all investors Read more…
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