NYSEARCA:FAS

Direxion Daily Financial Bull 3X Shares (FAS) Price, Holdings, & News

$101.43
-1.77 (-1.72%)
(As of 04/25/2024 ET)
Today's Range
$98.69
$102.41
50-Day Range
$92.67
$112.20
52-Week Range
$48.73
$113.08
Volume
528,233 shs
Average Volume
764,333 shs
Market Capitalization
$2.20 billion
Assets Under Management
$2.23 billion
Dividend Yield
1.64%
Net Expense Ratio
0.92%
FAS stock logo

About Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)

Direxion Daily Financial Bull 3x Shares seeks daily investment results of 300% of the price performance of the Russell 1000 Financial Services Index (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 cap United States equity market. The Fund invests in sectors, such as banks, diversified financial services, real estate investment trust, financial data and systems, asset management and custodian, securities brokerage and services, and consumer lending. The Fund invests 80% of its net assets in futures contracts; indices and futures contracts; equity caps, collars and floors; swap agreements, forward contracts; short positions; reverse repurchase agreements; exchanges traded funds and other financial instruments. The Fund’s adviser is Rafferty Asset Management, LLC.

FAS Stock Price History

FAS ETF News Headlines

World’s biggest multibillionaire investor is buying THIS by the ton [picture]
Don't Buy Bullion or Mining Stocks. Do THIS Instead As gold continues to break all-time highs, many folks will run out and buy bullion or mining stocks. That's not the best way to ride this gold bull market higher. Note, this showed a 995% gain the last time we shared this same investment idea.
Direxion Daily Financial Bull 3X Shares (FAS)
World’s biggest multibillionaire investor is buying THIS by the ton [picture]
Don't Buy Bullion or Mining Stocks. Do THIS Instead As gold continues to break all-time highs, many folks will run out and buy bullion or mining stocks. That's not the best way to ride this gold bull market higher. Note, this showed a 995% gain the last time we shared this same investment idea.
See More Headlines
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Fund Details

Issuer
Direxion
Fund Name
Direxion Daily Financial Bull 3X Shares
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:FAS
Inception Date
11/6/2008
Fund Manager
Paul Brigandi, Tony Ng
Phone
N/A

Fund Focus

Asset Class
Equity
Benchmark
Financials Select Sector Index
Category
Sector
Focus
Financials
Development Level
Developed Markets
Region
North America
Number of Holdings
100

Fund Statistics

Assets Under Management
$2.23 billion
Average Daily Volume
$710,257.90
Discount/Premium
0.07%
Leveraged
3.00

Administrator, Advisor and Custodian

Administrator
U.S. Bancorp Fund Services, LLC
Advisor
Rafferty Asset Management, LLC
Custodian
The Bank of New York Mellon Corporation
Distributor
Foreside Fund Services, LLC
Transfer Agent
The Bank of New York Mellon Corporation
Trustee
N/A
Lead Market Maker
Virtu Financial

Options

Optionable
Optionable
Options Volume
1,556
Put Options
845
Call Options
711
Short Interest
569,000 shs

Miscellaneous

Beta
3.14
Creation Unit
50,000
Creation Fee
$625.00
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Direxion Daily Financial Bull 3X Shares Expenses

TypeFASFinancials ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.75%0.50%0.54%0.50%0.51%
Other Expenses0.17%1.74%0.54%0.64%0.58%
Total Expense0.92%1.26%0.70%0.74%0.70%
Fee Waiver0.00%-0.48%-0.55%-0.68%-0.57%
Net Expense0.92%1.16%0.60%0.58%0.58%

Direxion Daily Financial Bull 3X Shares (FAS) Holdings & Exposure

Top 10 FAS Holdings

  • Financial Select Sector Index SWAP
    Holding Weight: 51.97%
  • FINANCIAL SELECT SECTOR INDEX SWAP
    Holding Weight: 35.61%
  • FINANCIAL SELECT SECTOR INDEX SWAP
    Holding Weight: 30.52%
  • FINANCIAL SELECT SECTOR INDEX SWAP
    Holding Weight: 23.61%
  • Financial Select Sector Index SWAP
    Holding Weight: 21.27%
  • Financial Select Sector Index SWAP
    Holding Weight: 21.17%
  • FINANCIAL SELECT SECTOR INDEX SWAP
    Holding Weight: 20.82%
  • FINANCIAL SELECT SECTOR INDEX SWAP
    Holding Weight: 15.88%
  • DREYFUS GOVT CASH MAN INS
    Holding Weight: 11.95%
  • Berkshire Hathaway(NYSE:BRK.B)
    Holding Weight: 10.50%

FAS Sector Exposure

FAS Industry Exposure


FAS ETF - Frequently Asked Questions

How have FAS shares performed in 2024?

Direxion Daily Financial Bull 3X Shares' stock was trading at $82.65 at the start of the year. Since then, FAS shares have increased by 22.7% and is now trading at $101.43.
View the best growth stocks for 2024 here
.

What does FAS invest in?

Direxion Daily Financial Bull 3X Shares is a equity fund issued by Direxion. FAS focuses on financials investments and follows the Financials Select Sector Index. The fund's investments total to approximately $2.23 billion assets under management.

What stocks does Direxion Daily Financial Bull 3X Shares hold?
What is the management fee for Direxion Daily Financial Bull 3X Shares?

Direxion Daily Financial Bull 3X Shares' management fee is 0.75% and has other expenses of 0.17%. The net expense ratio for FAS is 0.92%.

What other stocks do shareholders of Direxion Daily Financial Bull 3X Shares own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Direxion Daily Financial Bull 3X Shares investors own include Bank of America (BAC), Boeing (BA), Netflix (NFLX), NVIDIA (NVDA), Tesla (TSLA), SPDR S&P 500 ETF Trust (SPY), Alibaba Group (BABA), ProShares UltraPro QQQ (TQQQ), Citigroup (C) and Delta Air Lines (DAL).

Who are Direxion Daily Financial Bull 3X Shares' major shareholders?

Direxion Daily Financial Bull 3X Shares' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Simplex Trading LLC (0.60%), Toth Financial Advisory Corp (0.06%), Rovin Capital UT ADV (0.03%), Edge Financial Advisors LLC (0.02%) and Grandview Asset Management LLC (0.01%).
View institutional ownership trends
.

How do I buy shares of Direxion Daily Financial Bull 3X Shares?

Shares of FAS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSEARCA:FAS) was last updated on 4/25/2024 by MarketBeat.com Staff

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