Direxion Daily Financial Bear 3X Shares (FAZ)
- Equity | Financial Services Funds
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Russell 1000® Financial Services Index. The fund, under normal circumstances, creates short positions by investing at least 80% of its assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to 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 U.S. equity market. The fund is non-diversified.
Fund Snapshot Updated 05.16.2013
|Previous Close||$33.11||Expense Ratio||0.94%|
|YTD Return||45.3%||Avg. 30-Day Volume||7,998,682|
|1-Year Return||70.2%||Market Cap||Loading...|