SBI Securities Co. Ltd. Invests $52,000 in Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ)

SBI Securities Co. Ltd. purchased a new stake in Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 8,113 shares of the real estate investment trust’s stock, valued at approximately $52,000.

Separately, IMC Chicago LLC purchased a new position in Direxion Daily Financial Bear 3X Shares in the fourth quarter valued at about $508,000. 9.56% of the stock is currently owned by institutional investors.

Direxion Daily Financial Bear 3X Shares Price Performance

Shares of NYSEARCA:FAZ opened at $6.50 on Tuesday. The business’s 50 day simple moving average is $5.67 and its 200-day simple moving average is $6.52. Direxion Daily Financial Bear 3X Shares has a 12 month low of $4.97 and a 12 month high of $11.92.

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.