1-Sep-2026
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This decade's retirees to get 265% of what they paid into Social Security - CRFB
Seeking Alpha News (Fri, 28-Aug 10:41 AM ET)
The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Financials Select Sector Index (the "Index"). The Index is provided by S&P Dow Jones Indices (the "Index Provider") and includes securities of companies from the following industries: financial services; insurance; banks; capital markets; mortgage real estate investment trusts ("REITs"); and consumer finance. The Fund, under normal circumstances, invests at least 80% of the Fund's net assets (plus borrowing for investment purposes) in financial instruments, including swap agreements, futures contracts, or short positions, that, in combination, provide 3X daily inverse (opposite) or short exposure to the Index or to exchange-traded funds ("ETFs") that track the Index, consistent with the Fund's investment objective. The financial instruments in which the Fund most commonly invests are swap agreements and futures agreements which are intended to produce economically inverse leveraged investment results
Direxion Daily Financial Bear 3X ETF trades on the ARCA stock market under the symbol FAZ.
As of September 1, 2026, FAZ stock price climbed to $32.60 with 1,250,359 million shares trading.
FAZ has a beta of -1.95, meaning it tends to be less sensitive to market movements. FAZ has a correlation of 0.35 to the broad based SPY ETF.
FAZ has a market cap of $97.15 million. This is considered a Micro Cap stock.
In the last 3 years, FAZ traded as high as $237.65 and as low as $30.44.
FAZ has underperformed the market in the last year with a return of -16.8%, while the SPY ETF gained +19.3%. In the last 3 month period, FAZ fell short of the market, returning -26.9%, while SPY returned +1.0%. However, in the most recent 2 weeks FAZ has outperformed the stock market by returning +2.2%, while SPY returned -1.4%.
FAZ support price is $31.15 and resistance is $32.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FAZ shares will trade within this expected range on the day.
