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Direxion Daily Financial Bear 3X ETF

NYSE ARCA: FAZ
37.40
-1.23
-3.18%
5/2/2016 7:31 PM EDT
5 Years
  • Open

    38.29

  • Previous Close

    38.63

  • Vol (3-Month Avg.)

    1.42M

  • Day's Range

    37.31-38.61

  • 52 week range

    36.57-68.42

  • Net Assets

    350.82M

  • Yield

    0.00%

  • Category

    Trading--Inverse Equity

  • Morningstar Risk

    -

Profile

Name of Issuer

Direxion Funds

Expenses

0.95%

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Russell 1000® Financial Services Index. The fund creates short positions by investing at least 80% of its assets in: swap agreements; futures contracts; options; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide inverse leveraged and unleveraged exposure to 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 U.S. equity market. The fund is non-diversified.

Inception

11/6/2008

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