Direxion Daily Financial Bear 3X Shares
) - This exchange-traded fund (ETF) seeks daily investment
results, before fees and expenses, of 300% of the inverse of
price performance of the Russell 1000 Financial Services Index.
It typically creates short positions by investing at least 80% of
its net assets in financial instruments that, in combination,
provide leveraged and unleveraged exposure to the index.
FAZ has been consolidating in a downward channel following a
low in late April at $12.50.
The recent reversal on Sept. 21 at $12.71 may have formed a
with that April low and, if confirmed, the trading target is
An inverse ETF seeks to deliver the opposite of the
performance of a benchmark, while a leveraged ETF seeks to
deliver multiples of the performance of a benchmark. These ETFs
entail unique risks, including, but not limited to: the use of
leverage, aggressive and complex investment techniques, and the
use of derivatives.
Keep in mind that, over longer periods, the returns for these
products will likely differ in amount and even direction of the
underlying. So they require active monitoring and management, as
frequently as daily, and are not suitable for all investors.
If you have questions or comments for Sam Collins, please
e-mail him at
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