Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ) announced a quarterly dividend on Tuesday, March 19th, Wall Street Journal reports. Stockholders of record on Wednesday, March 20th will be paid a dividend of 0.0275 per share by the real estate investment trust on Tuesday, March 26th. This represents a $0.11 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Tuesday, March 19th.
NYSEARCA:FAZ traded up $0.11 during trading hours on Tuesday, reaching $9.07. The company had a trading volume of 2,314,655 shares, compared to its average volume of 2,417,041. Direxion Daily Financial Bear 3X Shares has a one year low of $8.80 and a one year high of $16.99.
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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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