Financial Counselors Inc. Takes Position in Direxion Daily Financial Bear 3X Shares (FAZ)

Financial Counselors Inc. purchased a new position in Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,600 shares of the real estate investment trust’s stock, valued at approximately $227,000. Financial Counselors Inc. owned 0.12% of Direxion Daily Financial Bear 3X Shares as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in FAZ. Highlander Capital Management LLC purchased a new position in Direxion Daily Financial Bear 3X Shares in the second quarter worth $328,000. SG Americas Securities LLC purchased a new stake in Direxion Daily Financial Bear 3X Shares during the second quarter valued at about $674,000. Virtu KCG Holdings LLC boosted its position in Direxion Daily Financial Bear 3X Shares by 148.0% during the second quarter. Virtu KCG Holdings LLC now owns 60,959 shares of the real estate investment trust’s stock valued at $1,032,000 after buying an additional 36,380 shares during the period. Tower Research Capital LLC TRC boosted its position in Direxion Daily Financial Bear 3X Shares by 2,234.5% during the second quarter. Tower Research Capital LLC TRC now owns 117,239 shares of the real estate investment trust’s stock valued at $1,985,000 after buying an additional 112,217 shares during the period. Finally, Citigroup Inc. boosted its position in Direxion Daily Financial Bear 3X Shares by 14.3% during the second quarter. Citigroup Inc. now owns 399,999 shares of the real estate investment trust’s stock valued at $6,772,000 after buying an additional 50,000 shares during the period.

Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) traded down $0.19 during midday trading on Thursday, reaching $11.99. 1,268,000 shares of the company’s stock traded hands, compared to its average volume of 1,511,170. Direxion Daily Financial Bear 3X Shares has a twelve month low of $11.58 and a twelve month high of $22.85.

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About Direxion Daily Financial Bear 3X Shares

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.

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Institutional Ownership by Quarter for Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ)

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