Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) Stake Lessened by Virtu Financial LLC

Virtu Financial LLC decreased its holdings in shares of Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) by 61.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 14,326 shares of the real estate investment trust’s stock after selling 22,760 shares during the quarter. Virtu Financial LLC’s holdings in Direxion Daily Financial Bear 3X Shares were worth $113,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FAZ. Johnson Investment Counsel Inc. acquired a new position in Direxion Daily Financial Bear 3X Shares in the 2nd quarter valued at approximately $114,000. Scientech Research LLC purchased a new position in shares of Direxion Daily Financial Bear 3X Shares during the 2nd quarter valued at $353,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Direxion Daily Financial Bear 3X Shares in the second quarter worth $813,000. 9.56% of the stock is owned by institutional investors and hedge funds.

Direxion Daily Financial Bear 3X Shares Trading Down 1.3 %

Shares of NYSEARCA:FAZ opened at $6.68 on Friday. The business has a fifty day simple moving average of $6.32 and a 200 day simple moving average of $8.25. Direxion Daily Financial Bear 3X Shares has a 1 year low of $5.29 and a 1 year high of $14.56.

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.