Direxion Daily Financial Bear 3X Shares (FAZ)

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Fund Description

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 04.16.2014

Previous Close $20.51 Expense Ratio 0.94%
YTD Return 4.47% Avg. 30-Day Volume 7,333,173
1-Year Return 52.2% Market Cap Loading...
Bid $20.52 Shares Outstanding 17,503,000
Ask $20.53 Dividends $0.00

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