Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) Position Boosted by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC increased its holdings in Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) by 45.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,000 shares of the real estate investment trust’s stock after buying an additional 5,000 shares during the quarter. JFS Wealth Advisors LLC owned about 0.09% of Direxion Daily Financial Bear 3X Shares worth $90,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FAZ. SBI Securities Co. Ltd. bought a new stake in shares of Direxion Daily Financial Bear 3X Shares during the 4th quarter worth about $52,000. Johnson Investment Counsel Inc. bought a new position in shares of Direxion Daily Financial Bear 3X Shares in the first quarter valued at approximately $60,000. Jane Street Group LLC boosted its holdings in shares of Direxion Daily Financial Bear 3X Shares by 29.8% in the fourth quarter. Jane Street Group LLC now owns 38,161 shares of the real estate investment trust’s stock valued at $243,000 after acquiring an additional 8,771 shares in the last quarter. IMC Chicago LLC boosted its holdings in shares of Direxion Daily Financial Bear 3X Shares by 37.5% in the first 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 in the last quarter. Finally, Prosperity Wealth Management Inc. boosted its holdings in shares of Direxion Daily Financial Bear 3X Shares by 72.9% in the fourth quarter. Prosperity Wealth Management Inc. now owns 150,455 shares of the real estate investment trust’s stock valued at $958,000 after acquiring an additional 63,461 shares in the last quarter. 9.56% of the stock is owned by institutional investors.

Direxion Daily Financial Bear 3X Shares Trading Down 5.4%

Direxion Daily Financial Bear 3X Shares stock opened at $4.58 on Wednesday. The firm has a 50 day simple moving average of $5.17 and a 200-day simple moving average of $5.67. Direxion Daily Financial Bear 3X Shares has a 12-month low of $4.53 and a 12-month high of $10.99.

Direxion Daily Financial Bear 3X Shares Profile

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.