Direxion Daily Small Cap Bear 3X Shares (NYSE: TZA) is seeking daily investment results, of 300%, or 300% of the inverse, of the return of their benchmark index.
This is a short-term trading tool that uses ETF and index swaps that provide inverse or short leveraged exposure to the Index. Direxion Daily small cap bear 3X shares are undergoing a 1:8 Stock Split and their net assets have soared up to 390.96M in 2021.
3. Direxion Daily Financial Bear 3X Shares- Up 439.35% Over 1 Month
Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) invests in swap agreements, futures contracts, and short positions that provide leveraged exposure to the index equal to at least 80% of the fund s assets.
Direxion Announces Forward and Reverse Splits of Five ETFs
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NEW YORK, Jan. 29, 2021 /PRNewswire/ Direxion has announced it will execute forward share splits for three of its exchange-traded funds ( ETFs ), as well as reverse share splits for an additional two ETFs. The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.
Forward Splits
Direxion will execute a forward split of the issued and outstanding shares of the Direxion Daily Semiconductor Bull 3X Shares, Direxion Daily Technology Bull 3X Shares, and the Direxion Daily S&P 500
Renewed Interest in Regionals
Moving down the market cap ladder, the action in the regional banks has dwarfed that of its national counterparts.
Just like the big banks, most regional banks have reported earnings beats for Q4, including First Republic Bank, PNC Financial, and Citizens Financial Group. But while the fundamental story between the two groups is similar, the trading action is not.
The
Direxion Daily Regional Banks Bull 3X Shares (DPST) is up 128% over the last three months, and year-to-date has taken in over $28 million in inflows.
Data Source:
Bloomberg. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. For standardized and month-end