Direxion Daily Financial Bear 3x Shares logo

Direxion Daily Financial Bear 3x Shares (FAZ)

Market Closed
15 Dec, 20:00
ARCA ARCA
$
38. 30
-0.16
-0.4%
$
104.15M Market Cap
0.58% Div Yield
1,132,541 Volume
$ 38.45
Previous Close
Day Range
37.67 38.7
Year Range
37.67 87.9
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Direxion Daily Financial Bear 3X Shares ETF: For Trading, Not Holding

Direxion Daily Financial Bear 3X Shares ETF: For Trading, Not Holding

Understand the construction of financial instruments to ensure they align with your investment goals and avoid frustrating those goals by using the wrong instruments. Leveraged ETFs are designed for short-term trading, not long-term holding, due to daily resets and time value decay in derivatives. FAZ, a 3x leveraged bear ETF for the financial sector, should be used for daily trading or speculation, not as a buy-and-hold investment.

Seekingalpha | 7 months ago
FAZ: A Tactical Risk-Enhancement Tool For A Financials Sector Bear Market

FAZ: A Tactical Risk-Enhancement Tool For A Financials Sector Bear Market

Leveraged inverse ETFs like FAZ can be used to gain from market declines, especially in the financial sector, but are not long-term investments. These ETFs should be held for no longer than a single trading day due to price decay and daily rebalancing risks. Timing trades using momentum indicators like RSI can help capture gains, but caution is advised to avoid overuse and potential losses.

Seekingalpha | 7 months ago