Prosperity Wealth Management Inc. Grows Stake in Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ)

Prosperity Wealth Management Inc. grew its position in Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) by 72.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150,455 shares of the real estate investment trust’s stock after purchasing an additional 63,461 shares during the quarter. Prosperity Wealth Management Inc. owned about 0.90% of Direxion Daily Financial Bear 3X Shares worth $958,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. IMC Chicago LLC purchased a new stake in shares of Direxion Daily Financial Bear 3X Shares during the fourth quarter valued at $508,000. SBI Securities Co. Ltd. acquired a new position in Direxion Daily Financial Bear 3X Shares during the fourth quarter valued at $52,000. Finally, JFS Wealth Advisors LLC raised its position in shares of Direxion Daily Financial Bear 3X Shares by 37.5% in the fourth quarter. JFS Wealth Advisors LLC now owns 11,000 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 3,000 shares during the period. 9.56% of the stock is owned by hedge funds and other institutional investors.

Direxion Daily Financial Bear 3X Shares Trading Up 2.5 %

Shares of Direxion Daily Financial Bear 3X Shares stock opened at $6.66 on Wednesday. The firm has a 50-day simple moving average of $5.67 and a two-hundred day simple moving average of $6.51. Direxion Daily Financial Bear 3X Shares has a fifty-two week low of $4.97 and a fifty-two week high of $11.92.

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.