Rochester, NY 8/31/2009 9:37:20 PM
Direxion Daily Financial Bear 3X Shares FAZ, morning report market Up 4.42%
Direxion Daily Financial Bear 3X Shares
Direxion Daily Financial Bear 3X Shares, investment seeks to replicate, net of expenses, 300% of the inverse daily performance of the Russell 1000 Financial Services Index The fund will invest at least 80% of assets in securities that comprise the index, opened 24.04 and hit trade at 23.88 amounting volume of 11,323,454 shares.
The investment seeks to replicate, net of expenses, 300% of the inverse daily performance of the Russell 1000 Financial Services Index The fund will invest at least 80% of assets in securities that comprise the index. It will also utilize financial instruments that, in combination, provide leveraged and unleveraged exposure to the index.
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Last Trade: 23.88
Day's Range: 23.70 - 24.09
52wk Range: 22.27 - 2,018.60
Change: Up 1.01 (4.42%)
Volume: 11,323,454
Avg Vol (3m): 39,670,100
About Direxion Daily Financial Bear 3X SharesDirexion Daily Financial Bear 3x Shares (the Fund), formerly Direxion Financial Bear 3X Shares, seeks daily investment results of 300% of the inverse (or opposite) of the price performance of the Russell 1000 Financial Services Index (the Financial Index). The Financial Index is a capitalization-weighted index of companies that provide financial services. The Fund does not invest in equity securities. The Fund 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 Financial Index, and the remainder in money market instruments. The Fund’s investment advisor is Rafferty Asset Management LLC.
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