IMC Chicago LLC Purchases 55,348 Shares of Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ)

IMC Chicago LLC increased its position in Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) by 144.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,547 shares of the real estate investment trust’s stock after purchasing an additional 55,348 shares during the period. IMC Chicago LLC owned approximately 0.72% of Direxion Daily Financial Bear 3X Shares worth $918,000 at the end of the most recent reporting period.

Separately, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Direxion Daily Financial Bear 3X Shares in the 4th quarter worth about $137,000. 9.56% of the stock is owned by institutional investors.

Direxion Daily Financial Bear 3X Shares Price Performance

Shares of NYSEARCA:FAZ opened at $10.74 on Friday. Direxion Daily Financial Bear 3X Shares has a fifty-two week low of $9.73 and a fifty-two week high of $23.76. The business has a 50-day simple moving average of $10.62 and a two-hundred day simple moving average of $11.67.

Direxion Daily Financial Bear 3X Shares Company 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.