Direxion Daily Financial Bear 3X Shares Sees Unusually High Options Volume (NYSEARCA:FAZ)

Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) was the target of some unusual options trading activity on Monday. Investors acquired 4,671 call options on the stock. This is an increase of approximately 71% compared to the average volume of 2,727 call options.

Institutional Trading of Direxion Daily Financial Bear 3X Shares

Several institutional investors have recently made changes to their positions in FAZ. SBI Securities Co. Ltd. bought a new position in shares of Direxion Daily Financial Bear 3X Shares during the fourth quarter valued at about $52,000. Virtu Financial LLC increased its stake in Direxion Daily Financial Bear 3X Shares by 1,147.8% in the 4th quarter. Virtu Financial LLC now owns 178,761 shares of the real estate investment trust’s stock valued at $1,139,000 after buying an additional 164,435 shares during the last quarter. IMC Chicago LLC purchased a new stake in Direxion Daily Financial Bear 3X Shares in the 4th quarter valued at about $508,000. Prosperity Wealth Management Inc. lifted its position in shares of Direxion Daily Financial Bear 3X Shares by 72.9% during the 4th quarter. Prosperity Wealth Management Inc. now owns 150,455 shares of the real estate investment trust’s stock worth $958,000 after buying an additional 63,461 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in shares of Direxion Daily Financial Bear 3X Shares by 37.5% in the 4th quarter. JFS Wealth Advisors LLC now owns 11,000 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 3,000 shares during the last quarter. Institutional investors own 9.56% of the company’s stock.

Direxion Daily Financial Bear 3X Shares Stock Performance

FAZ stock opened at $7.89 on Wednesday. Direxion Daily Financial Bear 3X Shares has a twelve month low of $4.97 and a twelve month high of $11.92. The stock’s 50 day moving average is $5.80 and its 200-day moving average is $6.24.

Direxion Daily Financial Bear 3X Shares Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.1032 per share. The ex-dividend date was Tuesday, March 25th. This is a boost from Direxion Daily Financial Bear 3X Shares’s previous dividend of $0.10.

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.