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

Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) was the recipient of some unusual options trading activity on Tuesday. Stock traders purchased 8,376 call options on the stock. This represents an increase of approximately 122% compared to the average volume of 3,777 call options.

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

Large investors have recently made changes to their positions in the company. JFS Wealth Advisors LLC raised its stake in Direxion Daily Financial Bear 3X Shares by 37.5% during the fourth 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 in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Direxion Daily Financial Bear 3X Shares in the 4th quarter worth about $52,000. Jane Street Group LLC raised its position in shares of 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 in the last quarter. Johnson Investment Counsel Inc. purchased a new stake in shares of Direxion Daily Financial Bear 3X Shares during the 1st quarter valued at about $60,000. Finally, IMC Chicago LLC lifted its holdings in shares of Direxion Daily Financial Bear 3X Shares by 37.5% in the 1st quarter. IMC Chicago LLC now owns 109,668 shares of the real estate investment trust’s stock valued at $617,000 after acquiring an additional 29,885 shares during the last quarter. 9.56% of the stock is owned by institutional investors.

Direxion Daily Financial Bear 3X Shares Trading Down 9.8 %

Shares of NYSEARCA FAZ opened at $6.07 on Wednesday. Direxion Daily Financial Bear 3X Shares has a 52-week low of $4.97 and a 52-week high of $11.43. The firm’s fifty day moving average is $6.03 and its two-hundred day 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.