18,124 Shares of Direxion Daily Financial Bear 3X ETF $FAZ Bought by Simplex Trading LLC

Simplex Trading LLC bought a new stake in Direxion Daily Financial Bear 3X ETF (NYSEARCA:FAZ) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,124 shares of the real estate investment trust’s stock, valued at approximately $717,000. Simplex Trading LLC owned about 0.69% of Direxion Daily Financial Bear 3X ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Group One Trading LLC boosted its position in Direxion Daily Financial Bear 3X ETF by 7.4% during the first quarter. Group One Trading LLC now owns 6,330 shares of the real estate investment trust’s stock valued at $321,000 after purchasing an additional 438 shares during the last quarter. Institutional investors and hedge funds own 9.56% of the company’s stock.

Direxion Daily Financial Bear 3X ETF Stock Performance

FAZ stock opened at $30.68 on Tuesday. The business has a 50 day moving average price of $34.78 and a two-hundred day moving average price of $39.88. Direxion Daily Financial Bear 3X ETF has a twelve month low of $27.75 and a twelve month high of $56.37.

Direxion Daily Financial Bear 3X ETF 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.