Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) declared a quarterly dividend on Tuesday, September 25th, Wall Street Journal reports. Stockholders of record on Wednesday, September 26th will be given a dividend of 0.021 per share by the real estate investment trust on Tuesday, October 2nd. This represents a $0.08 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Tuesday, September 25th.

Shares of NYSEARCA:FAZ traded up $0.02 on Tuesday, hitting $9.24. The company’s stock had a trading volume of 594,376 shares, compared to its average volume of 1,996,679. Direxion Daily Financial Bear 3X Shares has a 12 month low of $8.80 and a 12 month high of $15.28.

Direxion Daily Financial Bear 3X Shares Company Profile

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.

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