Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) Short Interest Up 100.8% in December

Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 318,241 shares, an increase of 100.8% from the December 15th total of 158,461 shares. Approximately 12.8% of the shares of the company are sold short. Based on an average daily volume of 1,044,920 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 1,044,920 shares, the days-to-cover ratio is presently 0.3 days. Approximately 12.8% of the shares of the company are sold short.

Institutional Trading of Direxion Daily Financial Bear 3X Shares

Institutional investors and hedge funds have recently bought and sold shares of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Direxion Daily Financial Bear 3X Shares in the 2nd quarter valued at $44,000. SBI Securities Co. Ltd. lifted its position 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 purchasing an additional 10,002 shares during the period. Johnson Investment Counsel Inc. boosted its holdings in Direxion Daily Financial Bear 3X Shares by 142.4% in the second quarter. Johnson Investment Counsel Inc. now owns 25,912 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 15,221 shares during the last quarter. UBS Group AG boosted its holdings in Direxion Daily Financial Bear 3X Shares by 5,908.8% in the third quarter. UBS Group AG now owns 27,400 shares of the real estate investment trust’s stock valued at $1,108,000 after purchasing an additional 26,944 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Direxion Daily Financial Bear 3X Shares during the 2nd quarter worth about $175,000. 9.56% of the stock is currently owned by institutional investors and hedge funds.

Direxion Daily Financial Bear 3X Shares Stock Performance

Shares of NYSEARCA:FAZ opened at $39.68 on Thursday. Direxion Daily Financial Bear 3X Shares has a 52-week low of $34.87 and a 52-week high of $87.90. The business has a 50-day moving average price of $40.53 and a 200-day moving average price of $42.03.

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.