FAZ
Direxion Daily Financial Bear 3X SharesFAZ Fund Description
FAZ provides 3x inverse exposure to a market cap-weighted index of US large-cap financial companies.
FAZ Factset Analytics Insight
FAZ makes a big and bearish one-day bet against large-cap US financials stocks. It provides -3x exposure to a market cap-weighted index that captures the financials segment of the S&P 500. To gain inverse exposure to the index, FAZ invests in swap agreements, futures contracts, and short positions on the index. As a leveraged product, FAZ is not a buy-and-hold ETF, it is a short-term tactical instrument. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index. Over longer periods, returns can vary significantly from -3x exposure to its underlying index. Prior to February 28, 2022, the fund tracked the Russell 1000 Financials Services Index. On August 1, 2022, the fund ceased tracking the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index.
FAZ Summary Data
FAZ Portfolio Data
FAZ Index Data
FAZ Fund Structure
FAZ Tax Exposures
FAZ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FAZ. FAZ is rated a 5 out of 5.
FAZ Tradability
Options Strategies for Outcome Investing
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