Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) Sees Significant Growth in Short Interest

Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 403,585 shares, a growth of 39.1% from the January 15th total of 290,067 shares. Based on an average trading volume of 1,099,089 shares, the days-to-cover ratio is presently 0.4 days. Currently, 17.0% of the company’s stock are sold short. Currently, 17.0% of the company’s stock are sold short. Based on an average trading volume of 1,099,089 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Direxion Daily Financial Bear 3X Shares

Large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. raised its holdings in Direxion Daily Financial Bear 3X Shares by 119.5% during 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 buying an additional 10,002 shares in the last quarter. UBS Group AG raised its stake in shares of Direxion Daily Financial Bear 3X Shares by 5,908.8% in the 3rd quarter. UBS Group AG now owns 27,400 shares of the real estate investment trust’s stock valued at $1,108,000 after acquiring an additional 26,944 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Direxion Daily Financial Bear 3X Shares in the 2nd quarter worth approximately $175,000. Finally, Squarepoint Ops LLC boosted its position in Direxion Daily Financial Bear 3X Shares by 48.7% during the second quarter. Squarepoint Ops LLC now owns 218,391 shares of the real estate investment trust’s stock worth $959,000 after purchasing an additional 71,516 shares during the period. 9.56% of the stock is currently owned by institutional investors.

Direxion Daily Financial Bear 3X Shares Stock Down 3.2%

Shares of FAZ traded down $1.47 during midday trading on Tuesday, reaching $44.17. 643,684 shares of the stock were exchanged, compared to its average volume of 1,381,555. Direxion Daily Financial Bear 3X Shares has a 12-month low of $34.87 and a 12-month high of $87.90. The firm has a 50 day simple moving average of $39.59 and a 200-day simple moving average of $41.71.

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. 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.