Stock Traders Purchase High Volume of Call Options on Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ)

Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 8,376 call options on the company. This is an increase of 122% compared to the average volume of 3,777 call options.

Hedge Funds Weigh In On Direxion Daily Financial Bear 3X Shares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FAZ. Virtu Financial LLC grew its stake in shares of Direxion Daily Financial Bear 3X Shares by 1,147.8% in the fourth quarter. Virtu Financial LLC now owns 178,761 shares of the real estate investment trust’s stock worth $1,139,000 after acquiring an additional 164,435 shares during the period. IMC Chicago LLC purchased a new stake in Direxion Daily Financial Bear 3X Shares in the fourth quarter worth approximately $508,000. Prosperity Wealth Management Inc. grew its position in Direxion Daily Financial Bear 3X Shares by 72.9% in the 4th quarter. Prosperity Wealth Management Inc. now owns 150,455 shares of the real estate investment trust’s stock worth $958,000 after purchasing an additional 63,461 shares during the period. Johnson Investment Counsel Inc. purchased a new stake in Direxion Daily Financial Bear 3X Shares during the 1st quarter valued at $60,000. Finally, Jane Street Group LLC raised its stake in Direxion Daily Financial Bear 3X Shares by 29.8% during the 4th quarter. Jane Street Group LLC now owns 38,161 shares of the real estate investment trust’s stock valued at $243,000 after buying an additional 8,771 shares during the last quarter. 9.56% of the stock is owned by institutional investors.

Direxion Daily Financial Bear 3X Shares Price Performance

Direxion Daily Financial Bear 3X Shares stock opened at $6.07 on Wednesday. Direxion Daily Financial Bear 3X Shares has a 12 month low of $4.97 and a 12 month high of $11.43. The business’s fifty day simple moving average is $6.03 and its two-hundred day simple moving average is $6.12.

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.