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FAZ ETF

Profile

Name:

Direxion Daily Financial Bear 3X Shares

Assets under management:

$122 M

Expense ratio:

1.08%

Inception date:

19 November 2008

Website:

-

Last ex-dividend date:

24 September 2024

Next ex-dividend date:

N/A

Description:

The FAZ ETF is an exchange-traded fund that aims to provide inverse exposure to the financial sector. It seeks to profit from declines in financial stocks by using derivatives. Investors use it to hedge against market downturns or to speculate on falling financial markets.
Name
Weight
FINANCIAL SELECT SECTOR INDEX SWAP
22.72 %
DREYFUS GOVT CASH MAN INS
16.51 %
DREYFUS TRSRY SECURITIES CASH MGMT
10.13 %
GOLDMAN FINL SQ TRSRY INST 506
4.99 %
FINANCIAL SELECT SECTOR INDEX SWAP
4.85 %
Financial Select Sector Index SWAP
4.54 %
SecurityDescription(StockTicker)
0.00 %

Holding types

Countries

Sectors

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Analyst ratings

Market Data

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Moody's Downgrade 10 U.S. Banks: ETF Strategies to Play
Moody's Downgrade 10 U.S. Banks: ETF Strategies to Play
Moody's Downgrade 10 U.S. Banks: ETF Strategies to Play
FAZ
Zacks Investment Research09 August 2023

Moody's rating downgrade has shed light on the intricate challenges facing U.S. banks, both large and small.

Should You Stay Away from Bank ETFs Following Buffett?
Should You Stay Away from Bank ETFs Following Buffett?
Should You Stay Away from Bank ETFs Following Buffett?
FAZ
Zacks Investment Research26 April 2023

Warren Buffett has divested from multiple banks after identifying concerning issues in their financial practices.

As Banking Woes Continue, Get Bearish on Financials With This ETF
As Banking Woes Continue, Get Bearish on Financials With This ETF
As Banking Woes Continue, Get Bearish on Financials With This ETF
FAZ
ETF Trends14 April 2023

The economy is already having to contend with inflation when it comes to stifling growth, but the current banking system could bring additional strife. The International Monetary Fund (IMF) is worried the recent bank rescues could create a perfect storm that could hamper economic growth.

FAQ

  • What is FAZ ETF?
  • Does FAZ pay dividends?
  • What stocks are in FAZ ETF?
  • What is the current assets under management for FAZ?
  • What is FAZ average volume?
  • What is FAZ expense ratio?
  • What is FAZ inception date?

What is FAZ ETF?

The FAZ ETF is an exchange-traded fund that aims to provide inverse exposure to the financial sector. It seeks to profit from declines in financial stocks by using derivatives. Investors use it to hedge against market downturns or to speculate on falling financial markets.

Does FAZ pay dividends?

Yes, the Direxion Daily Financial Bear 3X Shares does pays dividends, with the most recent payment being $0.10 per share. The last ex-dividend date was on 24 September 2024, and the next ex-dividend date has not been announced yet

What stocks are in FAZ ETF?

As of today, Direxion Daily Financial Bear 3X Shares inlcudes 7 holdings with the most weighted are FINANCIAL SELECT SECTOR INDEX SWAP (22.72%), DREYFUS GOVT CASH MAN INS (16.51%) and DREYFUS TRSRY SECURITIES CASH MGMT (10.13%)

What is the current assets under management for FAZ?

Assets under management of Direxion Daily Financial Bear 3X Shares is $122 M

What is FAZ average volume?

Average volume of Direxion Daily Financial Bear 3X Shares is $5 M

What is FAZ expense ratio?

Expense ratio of Direxion Daily Financial Bear 3X Shares is 1.08%

What is FAZ inception date?

Inception date of Direxion Daily Financial Bear 3X Shares is 19 November 2008