18,124 Shares of Direxion Daily Financial Bear 3X ETF $FAZ Bought by Simplex Trading LLC

Simplex Trading LLC bought a new position in shares of Direxion Daily Financial Bear 3X ETF (NYSEARCA:FAZ) in the third quarter, HoldingsChannel reports. The institutional investor bought 18,124 shares of the real estate investment trust’s stock, valued at approximately $717,000.

Separately, Group One Trading LLC grew its stake in Direxion Daily Financial Bear 3X ETF by 7.4% in the 1st quarter. Group One Trading LLC now owns 6,330 shares of the real estate investment trust’s stock valued at $321,000 after buying an additional 438 shares during the last quarter. Institutional investors and hedge funds own 9.56% of the company’s stock.

Direxion Daily Financial Bear 3X ETF Trading Down 4.3%

Shares of FAZ opened at $30.68 on Tuesday. Direxion Daily Financial Bear 3X ETF has a 52 week low of $27.75 and a 52 week high of $56.37. The firm’s 50-day simple moving average is $34.78 and its 200 day simple moving average is $39.88.

About Direxion Daily Financial Bear 3X ETF

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.