(FAZ) Direxion Daily Financial - Overview
ETF Category: Trading--Inverse Equity | Exchange: NYSE ARCA (USA) | Market Cap: 114m USD | Total Return: -10.4% in 12m
Avg Turnover: 19.9M
Warnings
Choppy
Tailwinds
Idiosyncratic Leader
The Direxion Daily Financial Bear 3X Shares (FAZ) is a leveraged inverse exchange-traded fund designed to provide 300% of the daily opposite performance of the Financial Select Sector Index. To achieve this objective, the fund allocates at least 80% of its net assets to financial instruments, including swap agreements and futures contracts, that offer short exposure to a broad range of financial institutions.
The underlying index comprises companies within the banking, insurance, capital markets, and mortgage REIT sectors. These businesses are typically sensitive to interest rate fluctuations and credit cycles, often exhibiting high correlation with macroeconomic shifts. Because the fund resets daily, it is intended for short-term trading rather than long-term investment, as compounding effects can cause performance to deviate significantly from the target multiple over extended periods.
For a deeper look into the historical volatility and underlying holdings of this fund, consider exploring the data on ValueRay.
- Rising interest rates increase credit default risks and loan loss provisions
- Banking sector instability drives investor flight to inverse financial instruments
- Regulatory tightening on capital requirements pressures major financial institution valuations
- Bearish sentiment in commercial real estate markets devalues mortgage REIT holdings
- Broad equity market volatility increases demand for leveraged inverse hedging tools
As of June 07, 2026, the stock is trading at USD 42.92 with a total of 492,665 shares traded.
Over the past week, the price has changed by -4.49%,
over one month by -3.90%,
over three months by -6.98% and
over the past year by -10.38%.
Direxion Daily Financial has no consensus analysts rating.