Direxion Daily Financial Bear 3X Shares (FAZ)

[Porgie Tirebiter]

FAZ is targeted to 3x inverse performance.

At 3PM Eastern I'm seeing RIFIN at .6% up with FAS up 2% and FAZ down 1.9%. When you factor in that volatility is decreasing today, you should expect FAS to perform slightly better than 3x and FAZ slightly worse. So FAS is up a little more than it should be, while FAZ is down a little more than it should be.

That should be expected.