Terril Brothers Inc. Invests $1.90 Million in Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ)

Terril Brothers Inc. acquired a new position in shares of Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) in the second quarter, Holdings Channel.com reports. The fund acquired 49,215 shares of the real estate investment trust’s stock, valued at approximately $1,897,000. Direxion Daily Financial Bear 3X Shares comprises about 0.6% of Terril Brothers Inc.’s portfolio, making the stock its 27th biggest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of FAZ. Deutsche Bank AG acquired a new position in Direxion Daily Financial Bear 3X Shares during the 4th quarter worth $602,000. Miracle Mile Advisors LLC boosted its position in Direxion Daily Financial Bear 3X Shares by 98.1% during the 1st quarter. Miracle Mile Advisors LLC now owns 30,700 shares of the real estate investment trust’s stock worth $290,000 after acquiring an additional 15,200 shares during the period. Finally, XR Securities LLC acquired a new position in Direxion Daily Financial Bear 3X Shares during the 2nd quarter worth $319,000.

FAZ stock traded up $1.84 during trading on Friday, reaching $39.81. 24,624 shares of the company’s stock were exchanged, compared to its average volume of 525,597. Direxion Daily Financial Bear 3X Shares has a 1-year low of $34.29 and a 1-year high of $84.95. The company’s fifty day moving average price is $37.01 and its 200-day moving average price is $16.75.

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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Want to see what other hedge funds are holding FAZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ).

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

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