Johnson Investment Counsel Inc. Buys Shares of 10,691 Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ)

Johnson Investment Counsel Inc. purchased a new position in Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,691 shares of the real estate investment trust’s stock, valued at approximately $114,000. Johnson Investment Counsel Inc. owned 0.09% of Direxion Daily Financial Bear 3X Shares as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, IMC Chicago LLC increased its stake in Direxion Daily Financial Bear 3X Shares by 266.5% in the fourth quarter. IMC Chicago LLC now owns 38,199 shares of the real estate investment trust’s stock worth $522,000 after purchasing an additional 27,776 shares during the period. 9.56% of the stock is currently owned by institutional investors.

Direxion Daily Financial Bear 3X Shares Trading Down 0.7 %

NYSEARCA:FAZ opened at $8.48 on Monday. Direxion Daily Financial Bear 3X Shares has a twelve month low of $7.74 and a twelve month high of $23.76. The stock has a fifty day simple moving average of $9.08 and a 200-day simple moving average of $10.10.

Direxion Daily Financial Bear 3X Shares 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.