SBI Securities Co. Ltd. Has $85,000 Holdings in Direxion Daily Financial Bear 3X Shares $FAZ

SBI Securities Co. Ltd. decreased its stake in shares of Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) by 88.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,094 shares of the real estate investment trust’s stock after selling 16,278 shares during the period. SBI Securities Co. Ltd. owned approximately 0.08% of Direxion Daily Financial Bear 3X Shares worth $85,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Johnson Investment Counsel Inc. boosted its stake in Direxion Daily Financial Bear 3X Shares by 142.4% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 25,912 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 15,221 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Direxion Daily Financial Bear 3X Shares in the 2nd quarter valued at about $175,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of Direxion Daily Financial Bear 3X Shares by 48.7% in 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. 9.56% of the stock is currently owned by institutional investors and hedge funds.

Direxion Daily Financial Bear 3X Shares Stock Up 2.4%

FAZ stock opened at $41.12 on Wednesday. Direxion Daily Financial Bear 3X Shares has a fifty-two week low of $34.87 and a fifty-two week high of $87.90. The business has a 50-day moving average of $39.31 and a 200-day moving average of $41.66.

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. 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.