Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) Short Interest Down 35.5% in October

Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 154,900 shares, a drop of 35.5% from the September 30th total of 240,200 shares. Based on an average daily volume of 2,092,900 shares, the short-interest ratio is currently 0.1 days. Approximately 5.7% of the shares of the stock are sold short. Approximately 5.7% of the shares of the stock are sold short. Based on an average daily volume of 2,092,900 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Direxion Daily Financial Bear 3X Shares

A number of large investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC raised its position in Direxion Daily Financial Bear 3X Shares by 48.7% during the second quarter. Squarepoint Ops LLC now owns 218,391 shares of the real estate investment trust’s stock valued at $959,000 after purchasing an additional 71,516 shares in the last quarter. SBI Securities Co. Ltd. raised its position in Direxion Daily Financial Bear 3X Shares by 119.5% during the second quarter. SBI Securities Co. Ltd. now owns 18,372 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 10,002 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Direxion Daily Financial Bear 3X Shares during the second quarter valued at about $175,000. Johnson Investment Counsel Inc. increased its holdings in shares of Direxion Daily Financial Bear 3X Shares by 142.4% in the second quarter. Johnson Investment Counsel Inc. now owns 25,912 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 15,221 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Direxion Daily Financial Bear 3X Shares in the second quarter worth about $44,000. Hedge funds and other institutional investors own 9.56% of the company’s stock.

Direxion Daily Financial Bear 3X Shares Trading Up 1.1%

NYSEARCA FAZ traded up $0.49 during trading hours on Monday, reaching $44.69. 943,977 shares of the stock traded hands, compared to its average volume of 2,398,396. The stock has a 50 day simple moving average of $41.98 and a two-hundred day simple moving average of $45.73. Direxion Daily Financial Bear 3X Shares has a 1 year low of $39.00 and a 1 year high of $87.90.

About Direxion Daily Financial Bear 3X Shares

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.