Direxion Daily Financial Bear 3X Shares Target of Unusually Large Options Trading (NYSEARCA:FAZ)

Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) was the target of unusually large options trading activity on Monday. Traders acquired 5,099 put options on the company. This represents an increase of 245% compared to the typical volume of 1,479 put options.

Direxion Daily Financial Bear 3X Shares Stock Down 1.0 %

Shares of Direxion Daily Financial Bear 3X Shares stock opened at $5.79 on Tuesday. Direxion Daily Financial Bear 3X Shares has a fifty-two week low of $5.73 and a fifty-two week high of $17.24. The company has a fifty day moving average of $7.40 and a 200 day moving average of $8.99.

Hedge Funds Weigh In On Direxion Daily Financial Bear 3X Shares

Several large investors have recently made changes to their positions in the business. Johnson Investment Counsel Inc. purchased a new position in shares of Direxion Daily Financial Bear 3X Shares in the second quarter worth $114,000. Virtu Financial LLC lifted its stake in Direxion Daily Financial Bear 3X Shares by 13.5% in the 1st quarter. Virtu Financial LLC now owns 112,142 shares of the real estate investment trust’s stock worth $1,100,000 after purchasing an additional 13,301 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Direxion Daily Financial Bear 3X Shares during the 2nd quarter valued at about $813,000. Finally, Scientech Research LLC purchased a new position in shares of Direxion Daily Financial Bear 3X Shares during the second quarter valued at about $353,000. 9.56% of the stock is currently owned by hedge funds and other institutional investors.

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.