Direxion Daily Financial Bear 3X Shares (FAZ) Shares Bought by Citigroup Inc.
Citigroup Inc. boosted its position in shares of Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) by 14.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 399,999 shares of the real estate investment trust’s stock after buying an additional 50,000 shares during the period. Citigroup Inc.’s holdings in Direxion Daily Financial Bear 3X Shares were worth $6,772,000 as of its most recent SEC filing.
Separately, SG Americas Securities LLC acquired a new position in Direxion Daily Financial Bear 3X Shares during the second quarter worth approximately $674,000.
Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) opened at 15.18 on Friday. The firm’s 50-day moving average price is $16.13 and its 200 day moving average price is $17.78. Direxion Daily Financial Bear 3X Shares has a 52-week low of $15.17 and a 52-week high of $33.49.
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Direxion Daily Financial Bear 3X Shares 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.
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