Direxion Daily Financial Bull 3X Shares (FAS)
| Assets | $3.50B |
| NAV | $139.37 |
| Expense Ratio | 0.99% |
| PE Ratio | 12.67 |
| Shares Out | 25.10M |
| Dividend (ttm) | $0.50 |
| Dividend Yield | 0.36% |
| Ex-Dividend Date | Sep 21, 2021 |
| 1-Year Return | - |
| Volume | 985,518 |
| Open | 142.75 |
| Previous Close | 142.99 |
| Day's Range | 140.04 - 144.33 |
| 52-Week Low | 30.96 |
| 52-Week High | 144.33 |
| Beta | 3.37 |
| Holdings | 159 |
| Inception Date | Nov 6, 2008 |
About FAS
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.
Top 10 Holdings
80.15% of assets| Name | Symbol | Weight |
|---|---|---|
| RUSS 1000 FINAN INDX SWAP | N/A | 15.13% |
| RUSS 1000 FINAN INDX SWAP | N/A | 13.89% |
| RUSS 1000 FINAN INDX SWAP | N/A | 11.07% |
| RUSS 1000 FINAN INDX SWAP | N/A | 10.62% |
| RUSS 1000 FINAN INDX SWAP | N/A | 10.29% |
| DREYFUS GOVT CASH MGMT | N/A | 5.49% |
| RUSS 1000 FINAN INDX SWAP | N/A | 5.04% |
| RUSS 1000 FINAN INDX SWAP | N/A | 4.57% |
| Berkshire Hathaway | BRK.B | 2.08% |
| JPMorgan Chase | JPM | 1.97% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 21, 2021 | $0.153 | Sep 28, 2021 |
| Jun 22, 2021 | $0.14101 | Jun 29, 2021 |
| Mar 23, 2021 | $0.12864 | Mar 30, 2021 |
| Dec 22, 2020 | $0.0792 | Dec 30, 2020 |
| Sep 22, 2020 | $0.04742 | Sep 29, 2020 |
| Jun 23, 2020 | $0.03642 | Jun 30, 2020 |
News
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As Interest Rates Rise, Leverage Financial Sector Strength
The Federal Reserve has already signaled that it plans to raise rates in 2022, which means opportunities to lever up trades within the financial sector using the Direxion Daily Financial Bull 3X ETF (FA...
As Banks Dominate Earnings, Get Bullish on Financials
In the early going of second quarter earnings, banks have posted strong earnings, which should give the Direxion Daily Financial Bull 3X ETF (FAS) a boost. “Earnings season is off to a monster start, wi...
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Aided by Recent Bank Earnings, This ETF Is Up 260% the Past Year
Up close to 70% for the year, the Direxion Daily Financial Bull 3X ETF (FAS) is heading higher thanks to a positive week of bank earnings. Amongst the prominent holdings of FAS are JP Morgan and Bank of...
Betting on Finance? Up Your Leverage with the FAS ETF
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.
Sure of Rising Rates? This Leveraged Direxion ETF Is for You
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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 ...
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 services...
Big Banks Finally Beckon, Providing Juice To This Exciting ETF
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3 Leveraged ETFs that Could Profit from a Blue Wave
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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.
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
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Unpacking leveraged and inverse ETFs with two industry pros
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.
Murky Dividend Picture Puts Bearish Bank ETF In The Spotlight
On June 25, the Federal Reserve will release the results of the Comprehensive Capital Analysis and Review (CCAR), also known as the stress test.
Travel And Financial ETFs Gain As S&P 500 Hits Positive Territory
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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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