Direxion Daily Financial Bear 3X Shares Sees Unusually High Options Volume (NYSEARCA:FAZ)

Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) was the target of some unusual options trading activity on Monday. Stock traders acquired 4,671 call options on the company. This is an increase of approximately 71% compared to the typical volume of 2,727 call options.

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

Institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily Financial Bear 3X Shares in the 4th quarter valued at about $52,000. Virtu Financial LLC grew its stake in 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 valued at $1,139,000 after acquiring an additional 164,435 shares during the period. IMC Chicago LLC acquired a new position in shares of Direxion Daily Financial Bear 3X Shares during the fourth quarter worth approximately $508,000. Prosperity Wealth Management Inc. lifted its holdings in shares of 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 in the last quarter. Finally, JFS Wealth Advisors LLC grew its position in Direxion Daily Financial Bear 3X Shares by 37.5% in the 4th quarter. JFS Wealth Advisors LLC now owns 11,000 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 3,000 shares during the period. 9.56% of the stock is currently owned by institutional investors.

Direxion Daily Financial Bear 3X Shares Price Performance

Shares of NYSEARCA FAZ opened at $7.89 on Wednesday. Direxion Daily Financial Bear 3X Shares has a twelve month low of $4.97 and a twelve month high of $11.92. The firm has a fifty day simple moving average of $5.80 and a 200 day simple moving average of $6.24.

Direxion Daily Financial Bear 3X Shares Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a dividend of $0.1032 per share. The ex-dividend date was Tuesday, March 25th. This is a boost from Direxion Daily Financial Bear 3X Shares’s previous dividend of $0.10.

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.