JFS Wealth Advisors LLC Has $70,000 Stock Position in Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ)

JFS Wealth Advisors LLC increased its stake in Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) by 37.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,000 shares of the real estate investment trust’s stock after acquiring an additional 3,000 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Direxion Daily Financial Bear 3X Shares were worth $70,000 at the end of the most recent reporting period.

Separately, IMC Chicago LLC bought a new stake in Direxion Daily Financial Bear 3X Shares in the fourth quarter worth approximately $508,000. 9.56% of the stock is currently owned by institutional investors.

Direxion Daily Financial Bear 3X Shares Trading Down 0.2 %

Shares of FAZ stock opened at $5.21 on Tuesday. The stock has a 50 day simple moving average of $5.86 and a two-hundred day simple moving average of $6.94. Direxion Daily Financial Bear 3X Shares has a fifty-two week low of $5.06 and a fifty-two week high of $12.30.

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.