Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) Short Interest Down 86.5% in September

Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 240,200 shares, a decrease of 86.5% from the September 15th total of 1,780,000 shares. Based on an average trading volume of 2,337,100 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 2,337,100 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily Financial Bear 3X Shares Stock Performance

FAZ stock opened at $44.47 on Friday. The company’s 50-day simple moving average is $41.99 and its 200 day simple moving average is $47.86. Direxion Daily Financial Bear 3X Shares has a 52 week low of $39.00 and a 52 week high of $87.90.

Hedge Funds Weigh In On Direxion Daily Financial Bear 3X Shares

Several institutional investors and hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC grew its stake in shares of Direxion Daily Financial Bear 3X Shares by 48.7% in the second quarter. Squarepoint Ops LLC now owns 218,391 shares of the real estate investment trust’s stock valued at $959,000 after acquiring an additional 71,516 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Direxion Daily Financial Bear 3X Shares by 119.5% in the second quarter. SBI Securities Co. Ltd. now owns 18,372 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 10,002 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Direxion Daily Financial Bear 3X Shares in the second quarter valued at about $175,000. Johnson Investment Counsel Inc. grew its stake in shares of Direxion Daily Financial Bear 3X Shares by 142.4% in the second quarter. Johnson Investment Counsel Inc. now owns 25,912 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 15,221 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Direxion Daily Financial Bear 3X Shares during the second quarter worth about $44,000. 9.56% of the stock is currently owned by institutional investors and hedge funds.

About Direxion Daily Financial Bear 3X Shares

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.