Company Name:: Direxion Daily Financial Bear 3X ETF
Benchmark Index: Russell 1000 Financial Services Index
Ticker Symbol: FAZ
Types of Companies Included: U.S. companies in the financial services sector.
Daily Target: -3x
Short ETF: This ETF attempts to produce investment results in the opposite direction of the index. If the Russell 1000 Financial Services Index goes up, the ETF is designed to go down. If the Russell 1000 Financial Services Index goes down, the ETF is designed to go up.
Leveraged ETF: This ETF is a leveraged ETF which means the ETF attempts to produce daily returns above the daily benchmark index results based on a multiplier. In the case of this ETF, the multiplier is -3x meaning the ETF is attempting to achieve 300% of the opposite performance of the benchmark index.
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