SBI Securities Co. Ltd. Sells 16,278 Shares of Direxion Daily Financial Bear 3X Shares $FAZ

SBI Securities Co. Ltd. reduced its holdings in Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) by 88.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,094 shares of the real estate investment trust’s stock after selling 16,278 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Direxion Daily Financial Bear 3X Shares were worth $85,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Johnson Investment Counsel Inc. boosted its stake in shares of Direxion Daily Financial Bear 3X Shares by 142.4% during the 2nd 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 last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Direxion Daily Financial Bear 3X Shares in the second quarter valued at about $175,000. Finally, Squarepoint Ops LLC raised its holdings 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 worth $959,000 after acquiring an additional 71,516 shares in the last quarter. 9.56% of the stock is owned by institutional investors.

Direxion Daily Financial Bear 3X Shares Price Performance

Shares of NYSEARCA FAZ opened at $41.12 on Wednesday. The stock has a 50 day moving average price of $39.31 and a 200 day moving average price of $41.66. Direxion Daily Financial Bear 3X Shares has a 52 week low of $34.87 and a 52 week high of $87.90.

Direxion Daily Financial Bear 3X Shares 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.