Headlands Technologies LLC Buys 12,972 Shares of Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ)

Headlands Technologies LLC lifted its stake in shares of Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) by 36,033.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,008 shares of the real estate investment trust’s stock after purchasing an additional 12,972 shares during the quarter. Headlands Technologies LLC’s holdings in Direxion Daily Financial Bear 3X Shares were worth $73,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JFS Wealth Advisors LLC raised its stake in shares of Direxion Daily Financial Bear 3X Shares by 45.5% during the 1st quarter. JFS Wealth Advisors LLC now owns 16,000 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 5,000 shares during the period. Johnson Investment Counsel Inc. purchased a new position in Direxion Daily Financial Bear 3X Shares during the first quarter worth about $60,000. IMC Chicago LLC grew its position in Direxion Daily Financial Bear 3X Shares by 37.5% during the first quarter. IMC Chicago LLC now owns 109,668 shares of the real estate investment trust’s stock worth $617,000 after buying an additional 29,885 shares in the last quarter. Finally, Jane Street Group LLC grew its position in Direxion Daily Financial Bear 3X Shares by 29.8% during the fourth quarter. Jane Street Group LLC now owns 38,161 shares of the real estate investment trust’s stock worth $243,000 after buying an additional 8,771 shares in the last quarter. 9.56% of the stock is currently owned by institutional investors.

Direxion Daily Financial Bear 3X Shares Stock Performance

Direxion Daily Financial Bear 3X Shares stock opened at $4.40 on Wednesday. Direxion Daily Financial Bear 3X Shares has a 52 week low of $4.15 and a 52 week high of $9.92. The business has a 50-day simple moving average of $4.56 and a 200 day simple moving average of $5.26.

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.