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FAS - Direxion Daily Financial Bull 3X Shares

Stock Price: $100.86 USD -0.79 (-0.78%)
Updated Apr 19, 2021 4:00 PM EDT - Market closed
After-hours: $100.84 -0.02 (-0.02%) Apr 19, 4:13 PM
Assets $3.04B
NAV $99.74
Expense Ratio 0.99%
PE Ratio 15.94
Beta (5Y) 3.36
Dividend (ttm) $0.29
Dividend Yield 0.29%
Ex-Dividend Date Mar 23, 2021
1-Year Return -
Trading Day April 19
Last Price $100.86
Previous Close $101.65
Change ($) -0.79
Change (%) -0.78%
Day's Open 101.50
Day's Range 99.96 - 102.50
Day's Volume 1,024,039
52-Week Range 21.10 - 102.50

Fund Description

The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Russell 1000® Financial Services Index. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track 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-capitalization U.S. equity market. It is non-diversified.

Asset Class
Equity
Sector
Financial Services
Region
North America
Inception Date
Nov 6, 2008
Exchange
NYSEARCA
Ticker Symbol
FAS
Index Tracked
Russell 1000 Financial Services Index

Top 10 Holdings

79.19% of assets
NameSymbolWeight
RUSS 1000 FINAN INDX SWAPn/a15.61%
RUSS 1000 FINAN INDX SWAPn/a15.26%
RUSS 1000 FINAN INDX SWAPn/a12.52%
RUSS 1000 FINAN INDX SWAPn/a12.50%
RUSS 1000 FINAN INDX SWAPn/a8.95%
RUSS 1000 FINAN INDX SWAPn/a4.90%
Berkshire HathawayBRK.B2.54%
DREYFUS GOVT CASH MGMTn/a2.38%
JPMorgan ChaseJPM2.30%
DREYFUS GOVT CASH MGMTn/a2.23%
View All Holdings

Dividends

Ex-DividendAmountPay Date
Mar 23, 2021$0.129Mar 30, 2021
Dec 22, 2020$0.079Dec 30, 2020
Sep 22, 2020$0.047Sep 29, 2020
Jun 23, 2020$0.036Jun 30, 2020
Mar 24, 2020$0.123Mar 31, 2020
Dec 23, 2019$0.106Dec 31, 2019
Full Dividend History

News

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With the first quarter of 2021 in the books, financials are looking powerful. Savvy traders can use funds like the Direxion Daily Financial Bull 3X ETF (FAS) to play the short-term momentum.

1 week ago - ETF Trends

Talk of rising Treasury yields and inflation is increasing in the capital markets, which is causing some investors to fret. Traders looking for an opportunity can try the Direxion Daily Financial Bull 3...

1 month ago - ETF Trends

As hot air slowly empties from the Reddit retail trading mania, the markets can re-focus on where the money is actually flowing. Traders the past week have been moving into leveraged ETFs from Direxion ...

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2 months ago - ETF Trends

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 services...

3 months ago - Benzinga

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 fu...

Other tickers mentioned: XLF
4 months ago - Benzinga

A Democratic “blue wave” in the White House is already prompting traders to position themselves for gains should a new administration under presidential hopeful Joe Biden take over as the leader of the ...

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5 months ago - ETF Trends

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.

7 months ago - Benzinga

Second-quarter earnings season starts next week with the quarterly kick-off ritual of reports from the major investment and money center banks.

Other tickers mentioned: FAZ
9 months ago - Benzinga

Leveraged and inverse exchange-traded funds can be dangerous for investors who don't do their homework, two industry leaders warn.

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9 months ago - CNBC

Unpacking leveraged and inverse ETFs with two industry pros

YouTube video

Tom Lydon, CEO of ETF Trends and ETF Database, and David Mazza, head of product at Direxion, explain the mechanics behind leveraged and inverse ETFs. With CNBC's Bob Pisani.

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9 months ago - CNBC Television

On June 25, the Federal Reserve will release the results of the Comprehensive Capital Analysis and Review (CCAR), also known as the stress test.

10 months ago - Benzinga

After stocks finished the day near their highs, building on gains made last week, U.S. stock index futures are attempting to hold steady during the overnight session Monday evening as investors are seek...

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10 months ago - ETF Trends

Here's why banks stocks bounced back on Friday after selling off earlier in the week. Trade the sector using these three ETFs.

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11 months ago - Investopedia

The series of developments last week have spurred huge demand for leveraged ETFs as investors seek to register big gains in a shorter span of time.

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1 year ago - Zacks Investment Research

The financial sector has been one of the hardest hit as stay-at-home orders across the national are forcing places like banks to readjust their businesses in order to keep pace with the social distancin...

Other tickers mentioned: ARKF, FAZ, FINX
1 year ago - ETF Trends

ACWX and FAS saw outsized volume in yesterday trading session.

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1 year ago - Zacks Investment Research

As with most sectors, 2019 saw the financial sector manage strong gains amid the U.S.-China trade war, but with a murky outlook to start 2020, it could mean looking into niche areas for investors.

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1 year ago - ETF Trends

Earnings season arrives in earnest this week with the traditional launch of a spate of reports from the financial services sector, the S&P 500's third-largest sector allocation.

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1 year ago - Benzinga

While this strategy is highly beneficial for short-term traders, it could lead to huge losses compared to traditional funds in the fluctuating or seesawing markets.

Other tickers mentioned: FNGU, NAIL, NUGT, SOXL, SPXL, TECL, TQQQ ...
1 year ago - Zacks Investment Research

While many investors are familiar with the benchmark S&P 500 index, or the historic Dow Jones Industrial Average, the Russell 1000 is less recognizable.

Other tickers mentioned: FAZ
1 year ago - ETF Trends

With market volatility coiled and ready to explode at any moment due to heightened tensions from the U.S. trade beef with China, Brexit negotiations, an all-time high in stocks, and looming global uncer...

Other tickers mentioned: FAZ
1 year ago - ETF Trends

Value plays like the financial sector are leading the markets to highs in the S&P 500 and Dow Jones Industrial Average. It could translate to more strength in the coming months, which can give traders t...

Other tickers mentioned: FAZ
1 year ago - ETF Trends

Big banks were among the winners on Tuesday as third-quarter earnings season kicked off with 11 companies in the S&P 500 reporting—9 beat earnings expectations while only 2 missed the mark. The strength...

1 year ago - ETF Trends

Nasdaq Leads Broad Advance; Nvidia, IBP Break Out, Bank Stocks Strong

YouTube video

Nasdaq soars; Nvidia, Installed Building Products break out; bank stocks strong.

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1 year ago - Investors Business Daily

The financial services sector, the third-largest sector weight in the S&P 500 is under siege thanks in part to declining interest rates.

Other tickers mentioned: FAZ
1 year ago - Benzinga

The Financial Select Sector SPDR Fund (NYSE: XLF), the largest exchange-traded fund tracking stocks in the S&P 500's third-largest sector, lost 1.56% last week.

Other tickers mentioned: FAZ, XLF
1 year ago - Benzinga

The Wall Street logged in the strongest performance in more than a decade for the first half of the year. We have highlighted nine leveraged equity ETFs that piled up more than 60% returns in the first ...

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1 year ago - Zacks Investment Research

Investor's Business Daily: Direxion Financial Bull 3X (FAS)

YouTube video

Investor's Business Daily's STOCK MARKET TODAY.

1 year ago - Investors Business Daily

Investor's Business Daily's: Direxion Financial Bull 3X (FAS)

YouTube video

S&P 500 hit new highs this week, the Nasdaq isn’t too far behind. But next week could be telling for the rally’s future.

1 year ago - Investors Business Daily

The second quarter is still in its nascent stages, but that also means first-quarter earnings season will be soon arriving.

Other tickers mentioned: FAZ
2 years ago - Benzinga

How to triple your money in the S&P this year

YouTube video

CNBC's Bob Pisani talks leveraged and inverse ETFs with Sylvia Jablonski of Direxion Investments.

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2 years ago - CNBC Television