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Name | Symbol | Market | Type |
---|---|---|---|
Direxion Daily Financial Bear 3X Shares New | AMEX:FAZ | AMEX | Exchange Traded Fund |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.04 | -0.64% | 6.22 | 6.3095 | 6.145 | 6.20 | 4,836,235 | 15:54:17 |
After months of criticism, some mutual funds that magnify investors' bets on the direction of the stock market are being scaled back.
On Wednesday, Direxion Funds said its so-called "leveraged" mutual funds will double investors bets on the direction of the stock market on a monthly - rather than a daily - basis.
The change will apply only to Direxion's conventional mutual funds and not to its exchange-traded funds, which along with those from Bethesda, Md.-based ProShares ETFs, have provoked the most controversy.
-By Ian Salisbury, Dow Jones Newswires; 212-416-2241; ian.salisbury@dowjones.com
1 Year Direxion Daily Financial... Chart |
1 Month Direxion Daily Financial... Chart |
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