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NYSEARCA:FAS

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

$123.03
+1.22 (+1.00%)
(As of 09/13/2024 ET)
Today's Range
$122.10
$124.25
50-Day Range
$97.34
$134.06
52-Week Range
$48.73
$135.30
Volume
445,731 shs
Average Volume
685,407 shs
Market Capitalization
$2.36 billion
Assets Under Management
$2.34 billion
Dividend Yield
1.06%
Net Expense Ratio
0.94%
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

War on Elon Escalates…
Elon Musk just built a supercomputer in Memphis, Tennessee. It took him only 122 days. Dubbed “Colossus,” this supercomputer aims to become the most powerful AI training system in the world. Housed in a 785,000 sq. ft facility in Memphis, Colossus will soon require 150 megawatts of electricity per day. That’s about equal to the amount of energy needed to power 100,000 homes per year.
War on Elon Escalates…
Elon Musk just built a supercomputer in Memphis, Tennessee. It took him only 122 days. Dubbed “Colossus,” this supercomputer aims to become the most powerful AI training system in the world. Housed in a 785,000 sq. ft facility in Memphis, Colossus will soon require 150 megawatts of electricity per day. That’s about equal to the amount of energy needed to power 100,000 homes per year.
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
102

Fund Statistics

Assets Under Management
$2.34 billion
Average Daily Volume
$642,066.60
Discount/Premium
0.12%
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
3,679
Put Options
1,258
Call Options
2,421
Short Interest
705,500 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%0.55%0.51%0.52%
Other Expenses0.19%1.53%0.49%0.58%0.54%
Total Expense0.94%1.21%0.71%0.73%0.71%
Fee Waiver0.00%-0.48%-0.52%-0.68%-0.58%
Net Expense0.94%1.11%0.61%0.58%0.59%

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

Top 10 FAS Holdings

  • Financial Select Sector Index SWAP
    Holding Weight: 46.30%
  • FINANCIAL SELECT SECTOR INDEX SWAP
    Holding Weight: 41.17%
  • Financial Select Sector Index SWAP
    Holding Weight: 39.80%
  • FINANCIAL SELECT SECTOR INDEX SWAP
    Holding Weight: 29.44%
  • FINANCIAL SELECT SECTOR INDEX SWAP
    Holding Weight: 26.27%
  • FINANCIAL SELECT SECTOR INDEX SWAP
    Holding Weight: 20.73%
  • DREYFUS GOVT CASH MAN INS
    Holding Weight: 16.94%
  • Financial Select Sector Index SWAP
    Holding Weight: 16.11%
  • FINANCIAL SELECT SECTOR INDEX SWAP
    Holding Weight: 12.14%
  • Berkshire Hathaway(NYSE:BRK.B)
    Holding Weight: 9.13%

FAS Sector Exposure

FAS Industry Exposure


FAS ETF - Frequently Asked Questions

How have FAS shares performed this year?

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 48.9% and is now trading at $123.03.
View the best growth stocks for 2024 here
.

When did Direxion Daily Financial Bull 3X Shares' stock split?

Shares of Direxion Daily Financial Bull 3X Shares reverse split on Saturday, January 1st 2000. The 0.3-1.5 reverse split was announced on Saturday, January 1st 2000. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, May 20th 2015. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

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

Direxion Daily Financial Bull 3X Shares' top institutional investors include Susquehanna International Group LLP, Strategic Financial Concepts LLC (0.21%), Virtu Financial LLC (0.06%) and Rovin Capital UT ADV (0.03%).
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.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Alibaba Group (BABA).

This page (NYSEARCA:FAS) was last updated on 9/13/2024 by MarketBeat.com Staff

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