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.
Basic Details
Issuer Direxion
Fund NameDirexion Daily Financial Bull 3X Shares
Tax ClassificationRegulated Investment Company
SymbolNYSEARCA:FAS
Inception Date11/6/2008
Fund ManagerPaul Brigandi, Tony Ng
PhoneN/A
Fund Focus
Asset ClassEquity
BenchmarkRussell 1000/Financial Services TR USD
CategorySector
FocusFinancials
Development LevelDeveloped Markets
RegionNorth America
Fund Statistics
Assets Under Management$1.86 billion
Average Daily Volume$1.65 million
Discount/Premium-1.52%
ETF Expenses
Management Fee0.75%
Other Expenses0.26%
Total Expenses1.01%
Fee Waiver0.01%
Net Expenses1.02%
Administrator, Advisor and Custodian
AdministratorU.S. Bancorp Fund Services, LLC
AdvisorRafferty Asset Management, LLC
CustodianThe Bank of New York Mellon Corporation
DistributorForeside Fund Services, LLC
Transfer AgentThe Bank of New York Mellon Corporation
Trustee
Lead Market MakerVirtu Financial
Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Frequently Asked Questions
What is Direxion Daily Financial Bull 3X Shares' stock symbol?
Direxion Daily Financial Bull 3X Shares trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "FAS."
How often does Direxion Daily Financial Bull 3X Shares pay dividends? What is the dividend yield for Direxion Daily Financial Bull 3X Shares?
Direxion Daily Financial Bull 3X Shares announced a quarterly dividend on Tuesday, September 25th. Stockholders of record on Wednesday, September 26th will be paid a dividend of $0.1901 per share on Tuesday, October 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Tuesday, September 25th. This is a boost from Direxion Daily Financial Bull 3X Shares's previous quarterly dividend of $0.16. View Direxion Daily Financial Bull 3X Shares' Dividend History.
Has Direxion Daily Financial Bull 3X Shares been receiving favorable news coverage?
News headlines about FAS stock have been trending somewhat positive on Tuesday, according to InfoTrie. The research firm ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Direxion Daily Financial Bull 3X Shares earned a news sentiment score of 1.9 on InfoTrie's scale. They also assigned press coverage about the real estate investment trust a news buzz of 7.0 out of 10, indicating that recent press coverage is likely to have an effect on the stock's share price in the near term.
Are investors shorting Direxion Daily Financial Bull 3X Shares?
Direxion Daily Financial Bull 3X Shares saw a drop in short interest in October. As of October 31st, there was short interest totalling 713,322 shares, a drop of 40.9% from the October 15th total of 1,207,873 shares. Based on an average trading volume of 1,865,767 shares, the days-to-cover ratio is presently 0.4 days. View Direxion Daily Financial Bull 3X Shares' Current Options Chain.
Who are Direxion Daily Financial Bull 3X Shares' major shareholders?
Direxion Daily Financial Bull 3X Shares' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Bouchey Financial Group Ltd (0.51%), RPG Investment Advisory LLC (0.00%), Envestnet Asset Management Inc. (0.29%), Credit Suisse AG (0.27%), Morgan Stanley (0.08%) and Cornerstone Wealth Management LLC (0.04%). View Institutional Ownership Trends for Direxion Daily Financial Bull 3X Shares.
Which major investors are selling Direxion Daily Financial Bull 3X Shares stock?
Which major investors are buying Direxion Daily Financial Bull 3X Shares stock?
How do I buy shares of Direxion Daily Financial Bull 3X Shares?
Shares of FAS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Direxion Daily Financial Bull 3X Shares' stock price today?
One share of FAS stock can currently be purchased for approximately $56.97.
What is Direxion Daily Financial Bull 3X Shares' official website?
MarketBeat Community Rating for Direxion Daily Financial Bull 3X Shares (NYSEARCA FAS)
MarketBeat's community ratings are surveys of what our community members think about Direxion Daily Financial Bull 3X Shares and other stocks. Vote "Outperform" if you believe FAS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FAS will underperform the S&P 500 over the long term. You may vote once every thirty days.
