Direxion Daily Financial Bull 3x Shares (FAS)
| Assets | $2.74B |
| Expense Ratio | 0.94% |
| PE Ratio | 48.36 |
| Shares Out | 16.25M |
| Dividend (ttm) | $1.33 |
| Dividend Yield | 0.81% |
| Ex-Dividend Date | Sep 24, 2024 |
| Payout Ratio | 39.29% |
| 1-Year Return | +144.72% |
| Volume | 472,680 |
| Open | 167.90 |
| Previous Close | 165.57 |
| Day's Range | 161.61 - 167.90 |
| 52-Week Low | 67.66 |
| 52-Week High | 170.57 |
| Beta | 3.13 |
| Holdings | 84 |
| Inception Date | Nov 6, 2008 |
About FAS
Fund Home PageThe Direxion Daily Financial Bull 3x Shares (FAS) is an exchange-traded fund that is based on the Financial Select Sector index. The fund provides 3x leveraged exposure to a market cap-weighted index of US large-cap financial companies. FAS was launched on Nov 6, 2008 and is issued by Direxion.
Top 10 Holdings
255.09% of assets| Name | Symbol | Weight |
|---|---|---|
| Financial Select Sector Index SWAP | n/a | 61.07% |
| FINANCIAL SELECT SECTOR INDEX SWAP | n/a | 37.97% |
| Financial Select Sector Index SWAP | n/a | 34.68% |
| FINANCIAL SELECT SECTOR INDEX SWAP | n/a | 27.69% |
| FINANCIAL SELECT SECTOR INDEX SWAP | n/a | 22.15% |
| FINANCIAL SELECT SECTOR INDEX SWAP | n/a | 20.73% |
| FINANCIAL SELECT SECTOR INDEX SWAP | n/a | 19.52% |
| DREYFUS GOVT CASH MAN INS | n/a | 12.39% |
| DREYFUS TRSRY SECURITIES CASH MGMT | n/a | 10.13% |
| Berkshire Hathaway Inc. | BRK.B | 8.77% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 24, 2024 | $0.316 | Oct 1, 2024 |
| Jun 25, 2024 | $0.270 | Jul 2, 2024 |
| Mar 19, 2024 | $0.364 | Mar 26, 2024 |
| Dec 21, 2023 | $0.383 | Dec 29, 2023 |
| Sep 19, 2023 | $0.293 | Sep 26, 2023 |
| Jun 21, 2023 | $0.621 | Jun 28, 2023 |
News
Positive Bank Earnings Can Push These ETFs Higher
The S&P 500 Financials sector is up about 25% this year and a spate of positive bank earnings can continue to push the sector higher. Additionally, it opens up opportunities in leveraged ETFs.
FAS: A Leveraged Bet On Large Capitalization US Financials
The Direxion Daily Financial Bull 3X Shares ETF tracks a concentrated index of US financials exhibiting a large capitalization tilt. FAS's top ten holdings trade at a forward P/E of 20.96 and have an ...
FAS: No Upside
Direxion Daily Financial Bull 3X Shares ETF is a leveraged ETF that provides leverage in an accessible way and at a pretty low expense ratio compared to normal leverage's borrowing costs. Daily resett...
FAS: Nearly Impossible To Trade
I don't really think the majority of investors and traders understand how leverage and volatility interact. A leveraged ETF is more than a directional bet on endpoint, but also a path bet on low volat...
Fast And Furious Leveraged ETFs (FAS And FAZ)
The article discusses the 2 Direxion Daily Financial Bull & Bear 3x ETFs (FAS and FAZ) and how they provide 3x daily exposure to the S&P Financial Select Sector Index. The ETFs are not designed for lo...
June MDA Breakout Stocks/ETFs Week 25 - 2023: High-Frequency Gainers To Give You An Edge
Two new Breakout Stocks for Week 25 with better than 10% short-term upside, ETF updates, and two Dow 30 Picks. Average cumulative returns for 2023 are +105.71% YTD. Last week, we had peak gains in LUN...
FAS: The Worst Of The Banking Turmoil Seems Over, For Now
FAS: The Worst Of The Banking Turmoil Seems Over, For Now
Direxion Daily Financial Bull 3x Shares: Keep Eye On Yield Curve
FAS is Direxion Daily's 3x leveraged play on financials. The sector is heavily susceptible to changes in yield curve.
Revisiting FAS: Direxion Daily Financial Bull 3x Shares ETF
Direxion Daily's 3x leveraged ETF provides bucketloads of risk exposure to the financial sector. The financial sector is comprised of banks, capital markets, insurance, diversified finance, and consum...
Direxion Changes Index for Financial and Transportation Leveraged ETFs
Index Changes Take Effect August 1, 2022 NEW YORK , June 2, 2022 /PRNewswire/ -- Direxion (www.direxion.com), a leading provider of leveraged & inverse and thematic ETFs, announced it is changing the ...
FAS: How To Buy A UBS Top Pick Sector For 2022 With Leverage
FAS is an ETF that seeks daily results that are 300% of the performance of the Russell 1000 Financials Index. UBS has Financials as a top-3 sector pick for 2022.
Best Buy Leveraged Long ETF Now Is Direxion Financial 3x Bull Shares Say Market-Maker Hedges
Perhaps “stimulating the consumer economy” may not be the only program with federal emphasis in mind.
FAS - Turbocharged Exposure To Financials
FAS is Direxion Daily's 3x leveraged ETF focusing on the financial sector.
Financials Look Ripe For A Reversal
The financials and banking stocks have been some of the best performing of the reflation trade since the second half of 2020. On the whole, we know banks like to make their profits by lending long ter...
Buoyant Bank Outlook, Federal Reserve Support Could Make FAS ETF Great Again
The Federal Reserve hit bank stocks and the related exchange traded funds on multiple fronts this year, which is to say any examination of the best ETFs in 2020 isn't going to include financial servic...
Big Banks Finally Beckon, Providing Juice To This Exciting ETF
Thanks in large part to the Federal Reserve taking interest rates to historic lows, it's been awhile since investors had anything to cheer about with bank stocks and the corresponding exchange traded ...
This Bank ETF Could Finally Be Beckoning
It's been a dreadful 2020 for bank stocks as the combination of low interest rates and investors' preference for growth fare are punishing this cyclical value group.
FAS: A Vaccine Makes This A Buy
A vaccine is likely as early as September thus altering the economic outlook, especially for pro-cyclical sectors like banking and financials.
Fantastic Time For FAS, FAZ As Bank Earnings Roll In
Second-quarter earnings season starts next week with the quarterly kick-off ritual of reports from the major investment and money center banks.
Are leveraged and inverse ETFs worth the risk? Two industry pros break it down
Leveraged and inverse exchange-traded funds can be dangerous for investors who don't do their homework, two industry leaders warn.