The Direxion Daily Financial Bear 3X Shares (FAZ) is an exchange-traded fund (ETF) designed to deliver daily investment results, before fees and expenses, of 300% of the inverse (opposite) of the performance of the Russell 1000 Financial Services Index. This means that if the index declines by 1% on a given day, FAZ is expected to increase by approximately 3%, and vice versa. The fund achieves this leverage through the use of derivatives such as futures contracts and swap agreements. FAZ is intended for short-term tactical trading and is not suitable for long-term investment due to the effects of daily rebalancing and compounding. Robinhood+16MarketBeat+16Macrotrends+16etf.com+1TipRanks+1
52-Week Price Range
- 52-Week High: $11.43
- 52-Week Low: $4.71Yahoo Finance+8Robinhood+8Nasdaq+8ETF Database+3Nasdaq+3Public+3
As of May 15, 2025, FAZ is trading at $4.73, which is near its 52-week low. Public+1MarketChameleon.com+1
Analyst Ratings
Currently, there is no specific data available on the number of analysts with buy, hold, or sell ratings for FAZ. However, based on technical indicators, FAZ is generally considered a Strong Sell. TipRanks
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