SG Americas Securities LLC increased its stake in shares of Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) by 276.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 150,000 shares of the real estate investment trust’s stock after buying an additional 110,200 shares during the quarter. SG Americas Securities LLC owned about 1.13% of Direxion Daily Financial Bear 3X Shares worth $2,187,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in FAZ. Highlander Capital Management LLC purchased a new stake in Direxion Daily Financial Bear 3X Shares in the second quarter valued at $328,000. Citigroup Inc. raised its position in Direxion Daily Financial Bear 3X Shares by 14.3% in the second quarter. Citigroup Inc. now owns 399,999 shares of the real estate investment trust’s stock valued at $6,772,000 after purchasing an additional 50,000 shares during the period. Virtu KCG Holdings LLC raised its position in Direxion Daily Financial Bear 3X Shares by 148.0% in the second quarter. Virtu KCG Holdings LLC now owns 60,959 shares of the real estate investment trust’s stock valued at $1,032,000 after purchasing an additional 36,380 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in Direxion Daily Financial Bear 3X Shares by 2,234.5% in the second quarter. Tower Research Capital LLC TRC now owns 117,239 shares of the real estate investment trust’s stock valued at $1,985,000 after purchasing an additional 112,217 shares during the period.

Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) traded down $0.01 during trading hours on Friday, reaching $13.44. The company’s stock had a trading volume of 194,481 shares. Direxion Daily Financial Bear 3X Shares has a 12 month low of $12.97 and a 12 month high of $25.04.

ILLEGAL ACTIVITY NOTICE: “SG Americas Securities LLC Has $2.19 Million Position in Direxion Daily Financial Bear 3X Shares (FAZ)” was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & international copyright & trademark law. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/11/25/sg-americas-securities-llc-has-2-19-million-position-in-direxion-daily-financial-bear-3x-shares-faz.html.

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.

Institutional Ownership by Quarter for Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ)

Receive News & Ratings for Direxion Daily Financial Bear 3X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Financial Bear 3X Shares and related companies with MarketBeat.com's FREE daily email newsletter.