Direxion Daily Financial Bear 3X Shares (FAZ) Shares Gap Down to $12.80

Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) gapped down prior to trading on Tuesday . The stock had previously closed at $13.11, but opened at $12.80. Direxion Daily Financial Bear 3X Shares shares last traded at $12.59, with a volume of 2923104 shares.

The business also recently announced a quarterly dividend, which was paid on Friday, January 4th. Stockholders of record on Friday, December 28th were paid a $0.0408 dividend. This is a boost from Direxion Daily Financial Bear 3X Shares’s previous quarterly dividend of $0.02. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, December 27th.

Institutional investors have recently added to or reduced their stakes in the stock. HRT Financial LLC purchased a new stake in shares of Direxion Daily Financial Bear 3X Shares during the second quarter valued at $111,000. Capital Investment Advisory Services LLC purchased a new stake in shares of Direxion Daily Financial Bear 3X Shares during the third quarter valued at $153,000. Tower Research Capital LLC TRC boosted its position in shares of Direxion Daily Financial Bear 3X Shares by 2,963.3% during the second quarter. Tower Research Capital LLC TRC now owns 49,012 shares of the real estate investment trust’s stock valued at $543,000 after buying an additional 47,412 shares during the last quarter. Virtu Financial LLC boosted its position in shares of Direxion Daily Financial Bear 3X Shares by 486.4% during the third quarter. Virtu Financial LLC now owns 169,165 shares of the real estate investment trust’s stock valued at $1,643,000 after buying an additional 140,317 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Direxion Daily Financial Bear 3X Shares by 25.4% during the third quarter. Morgan Stanley now owns 262,033 shares of the real estate investment trust’s stock valued at $2,544,000 after buying an additional 53,057 shares during the last quarter.

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About Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ)

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.

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