IMC Chicago LLC Acquires Shares of 79,783 Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ)

IMC Chicago LLC bought a new position in shares of Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 79,783 shares of the real estate investment trust’s stock, valued at approximately $508,000.

Direxion Daily Financial Bear 3X Shares Trading Down 1.1 %

NYSEARCA:FAZ opened at $5.27 on Wednesday. The firm’s fifty day moving average price is $5.91 and its 200 day moving average price is $7.08. Direxion Daily Financial Bear 3X Shares has a 1-year low of $5.06 and a 1-year high of $13.03.

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.