FAZ — Direxion Daily Financial Bear 3X Shares
Direxion Daily Financial Bear 3X Shares (FAZ)
FAZ pays a 3.27% distribution rate, quarterly, on a 1.03% expense ratio. Its deepest 1-year drawdown was 44.5%.
Direxion Daily Financial Bear 3X Shares is an ETF that seeks to deliver three times the inverse daily performance of the financial sector, including banks, insurance companies, capital markets firms, and consumer finance businesses. The fund carries a high current distribution rate and distributes quarterly, with an expense ratio of 1.03%. This leveraged inverse ETF appeals to traders and investors seeking short-term bearish exposure to financial stocks, though it is designed for tactical use rather than long-term holding.
FAZ key facts
- Issuer
- Direxion
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 11/06/2008
- Expense ratio
- 1.03%
- Distribution rate
- 3.27%
- Distribution frequency
- Quarterly
- Trailing yield
- 3.79%
- Last close
- $30.99
- AUM
- $84,501,528
- Average volume
- 794900.0
- Last dividend
- $0.2530
- Ex-dividend date
- 06/23/2026
- Payment date
- 06/30/2026
- Beta
- -2.06
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