Prosperity Wealth Management Inc. Raises Stake in Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ)

Prosperity Wealth Management Inc. lifted its position in shares of Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) by 72.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,455 shares of the real estate investment trust’s stock after buying an additional 63,461 shares during the quarter. Prosperity Wealth Management Inc.’s holdings in Direxion Daily Financial Bear 3X Shares were worth $958,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FAZ. IMC Chicago LLC purchased a new stake in Direxion Daily Financial Bear 3X Shares in the fourth quarter valued at approximately $508,000. SBI Securities Co. Ltd. purchased a new stake in Direxion Daily Financial Bear 3X Shares in the fourth quarter valued at approximately $52,000. Finally, JFS Wealth Advisors LLC grew its holdings in Direxion Daily Financial Bear 3X Shares by 37.5% in the fourth quarter. JFS Wealth Advisors LLC now owns 11,000 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 3,000 shares during the period. 9.56% of the stock is currently owned by hedge funds and other institutional investors.

Direxion Daily Financial Bear 3X Shares Trading Up 2.5 %

FAZ opened at $6.66 on Wednesday. Direxion Daily Financial Bear 3X Shares has a 52-week low of $4.97 and a 52-week high of $11.92. The company has a 50 day moving average of $5.67 and a two-hundred day moving average of $6.51.

Direxion Daily Financial Bear 3X Shares Company 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.