Direxion Daily Financial Bear 3X Shares (FAZ)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
34.35 USD
-0.67
(-1.913%) ⇩
(July 13, 2026, 4 p.m.
EDT)
After hours: 34.32 -0.03 (-0.030%) ⇩ (July 13, 2026, 7:57 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 5:19 a.m. EDT
This instrument is a classic value trap disguised as a distressed opportunity. While the headline 3% yield looks attractive, it is a mirage generated by a stock that has lost 99.7% of its value over the last nine years. The underlying business quality is irrelevant here because the asset itself is a leveraged bet on bank failures; as banks stabilize, this fund mathematically erodes toward zero. The price action confirms this death spiral, with the stock trading well below its 50-day moving average and showing no signs of a structural bottom. The options market agrees, with traders buying cheap insurance against further drops while ignoring any potential for a rally. Holding this is a slow-motion wealth transfer to the issuer; the only logical move is to sell the shares and keep the cash. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.053865 |
| MSTL | 0.080983 |
| AutoETS | 0.082837 |
| AutoARIMA | 0.082838 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 39% |
| H-stat | 11.41 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.107 |
| Excess Kurtosis | -0.35 |
As of July 11, 2026, 5:19 a.m. EDT: Speculators are aggressively positioning for further declines, evidenced by massive open interest in deep out-of-the-money puts (strikes 2.0, 3.0, 4.0) expiring in late 2027 and 2028, which act as a 'floor' for the asset. Conversely, call activity is concentrated near the money or slightly out-of-the-money, with significant volume at strikes like 36.0 and 40.0, suggesting a hedge against a bounce rather than a bet on a recovery. The extreme skew in implied volatility—where deep puts trade at massive premiums compared to calls—confirms that the market views downside risk as the primary driver for this leveraged inverse ETF.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.65% | 2.77% | 3.98% | 2.80% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-23 | 0.253 | 0.654085 |
| 2026-03-24 | 0.379 | 0.740234 |
| 2025-12-23 | 0.163 | 0.441137 |
| 2025-09-23 | 0.380 | 0.935961 |
| 2025-06-24 | 0.380 | 0.829694 |
| 2025-03-25 | 1.030 | 1.889908 |
| 2024-12-23 | 0.420 | 0.665610 |
| 2024-09-24 | 1.020 | 1.270237 |
| 2024-06-25 | 1.450 | 1.382269 |
| 2024-03-19 | 1.800 | 1.704545 |
| 2023-12-21 | 0.800 | 0.569801 |
| 2023-09-19 | 1.490 | 0.858295 |
| 2023-06-21 | 1.690 | 0.852244 |
| 2023-03-21 | 2.690 | 1.203041 |
| 2022-12-20 | 0.010 | 0.004888 |
| 2020-03-24 | 3.600 | 0.092726 |
| 2019-12-23 | 5.840 | 0.258407 |
| 2019-09-24 | 19.280 | 0.689951 |
| 2019-03-19 | 10.800 | 0.297685 |
| 2018-12-27 | 16.400 | 0.294118 |
| 2018-09-25 | 8.400 | 0.227273 |
| 2018-03-20 | 6.000 | 0.144648 |
| Attribute | Value |
|---|---|
| All Time High | 64,595,200.0 |
| All Time Low | 8.03 |
| Ask | 0.0 |
| Ask Size | 200 |
| Average Daily Volume10 Day | 423,410 |
| Average Daily Volume3 Month | 525,813 |
| Average Volume | 525,813 |
| Average Volume10Days | 423,410 |
| Beta3 Year | -2.14 |
| Bid | 0.0 |
| Bid Size | 500 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 35.18 |
| Day Low | 34.16 |
| Dividend Yield | 2.98 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 42.0042 |
| Fifty Day Average Change | -7.6542015 |
| Fifty Day Average Change Percent | -0.18222468 |
| Fifty Two Week Change Percent | -19.8627 |
| Fifty Two Week High | 56.37 |
| Fifty Two Week High Change | -22.02 |
| Fifty Two Week High Change Percent | -0.39063334 |
| Fifty Two Week Low | 33.4 |
| Fifty Two Week Low Change | 0.94999695 |
| Fifty Two Week Low Change Percent | 0.028443022 |
| Fifty Two Week Range | 33.4 - 56.37 |
| First Trade Date Milliseconds | 1,227,105,000,000 |
| Five Year Average Return | -0.317752 |
| Full Exchange Name | NYSEArca |
| Fund Family | Direxion Funds |
| Fund Inception Date | 1,225,929,600 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund invests at least 80% of the fund’s net assets in financial instruments, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. The index includes securities of companies from the following industries: financial services; insurance; banks; capital markets; mortgage real estate investment trusts (“REITs”); and consumer finance. It is non-diversified. |
| Long Name | Direxion Daily Financial Bear 3X Shares |
| Market | us_market |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_51234429 |
| Nav Price | 34.978 |
| Net Assets | 101,439,648.0 |
| Net Expense Ratio | 1.03 |
| Open | 34.51 |
| Phone | 866-476-7523 |
| Post Market Change | -0.02999878 |
| Post Market Change Percent | -0.087332696 |
| Post Market Price | 34.32 |
| Post Market Time | 1,783,987,044 |
| Previous Close | 35.02 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.670002 |
| Regular Market Change Percent | -1.9132 |
| Regular Market Day High | 35.18 |
| Regular Market Day Low | 34.16 |
| Regular Market Day Range | 34.16 - 35.18 |
| Regular Market Open | 34.51 |
| Regular Market Previous Close | 35.02 |
| Regular Market Price | 34.35 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 444,862 |
| Short Name | Direxion Financial Bear 3X ETF |
| Source Interval | 15 |
| Symbol | FAZ |
| Three Year Average Return | -0.39725313 |
| Total Assets | 101,439,648 |
| Tradeable | 0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -21.88069 |
| Trailing Three Month Returns | -21.88069 |
| Triggerable | 1 |
| Two Hundred Day Average | 43.11255 |
| Two Hundred Day Average Change | -8.76255 |
| Two Hundred Day Average Change Percent | -0.20324826 |
| Type Disp | ETF |
| Volume | 444,862 |
| Yield | 0.0298 |
| Ytd Return | 3.71764 |