Gunderson Capital Management LLC Takes Position in Direxion Daily Financial Bear 3X Shares $FAZ

Gunderson Capital Management LLC purchased a new position in Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 97,997 shares of the real estate investment trust’s stock, valued at approximately $4,972,000. Direxion Daily Financial Bear 3X Shares accounts for 2.1% of Gunderson Capital Management LLC’s portfolio, making the stock its 23rd largest holding. Gunderson Capital Management LLC owned 3.40% of Direxion Daily Financial Bear 3X Shares as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in FAZ. Squarepoint Ops LLC boosted its stake in Direxion Daily Financial Bear 3X Shares by 48.7% during the second quarter. Squarepoint Ops LLC now owns 218,391 shares of the real estate investment trust’s stock valued at $959,000 after buying an additional 71,516 shares in the last quarter. Jump Financial LLC bought a new stake in Direxion Daily Financial Bear 3X Shares in the fourth quarter worth about $1,554,000. Quadrature Capital Ltd bought a new stake in Direxion Daily Financial Bear 3X Shares in the fourth quarter worth about $1,466,000. UBS Group AG lifted its holdings in Direxion Daily Financial Bear 3X Shares by 5,908.8% in the 3rd quarter. UBS Group AG now owns 27,400 shares of the real estate investment trust’s stock valued at $1,108,000 after acquiring an additional 26,944 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Direxion Daily Financial Bear 3X Shares in the 4th quarter valued at about $202,000. 9.56% of the stock is currently owned by institutional investors.

Direxion Daily Financial Bear 3X Shares Stock Performance

Direxion Daily Financial Bear 3X Shares stock opened at $39.51 on Friday. Direxion Daily Financial Bear 3X Shares has a 1 year low of $34.87 and a 1 year high of $56.37. The firm’s 50 day moving average price is $43.20 and its two-hundred day moving average price is $43.53.

About Direxion Daily Financial Bear 3X Shares

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. The Fund invests in sectors, such as banks, diversified financial services, real estate investment trust, financial data and systems, asset management and custodian, securities brokerage and services, and consumer lending.