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

Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) was the recipient of some unusual options trading on Monday. Traders acquired 4,671 call options on the company. This represents an increase of 71% compared to the average daily volume of 2,727 call options.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FAZ. IMC Chicago LLC acquired a new stake in Direxion Daily Financial Bear 3X Shares during the 4th quarter valued at $508,000. JFS Wealth Advisors LLC grew its position in Direxion Daily Financial Bear 3X Shares by 37.5% during the fourth 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Direxion Daily Financial Bear 3X Shares in the fourth quarter worth $52,000. Prosperity Wealth Management Inc. raised its stake in Direxion Daily Financial Bear 3X Shares by 72.9% in the fourth quarter. Prosperity Wealth Management Inc. now owns 150,455 shares of the real estate investment trust’s stock valued at $958,000 after purchasing an additional 63,461 shares in the last quarter. Finally, Virtu Financial LLC lifted its position in Direxion Daily Financial Bear 3X Shares by 1,147.8% during the fourth quarter. Virtu Financial LLC now owns 178,761 shares of the real estate investment trust’s stock worth $1,139,000 after purchasing an additional 164,435 shares during the period. 9.56% of the stock is currently owned by institutional investors and hedge funds.

Direxion Daily Financial Bear 3X Shares Trading Up 1.9 %

Shares of Direxion Daily Financial Bear 3X Shares stock traded up $0.15 on Monday, reaching $7.89. 15,693,180 shares of the company were exchanged, compared to its average volume of 11,733,761. Direxion Daily Financial Bear 3X Shares has a one year low of $4.97 and a one year high of $11.92. The company has a 50-day moving average of $5.65 and a 200 day moving average of $6.23.

Direxion Daily Financial Bear 3X Shares Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a $0.1032 dividend. 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.