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NYSEARCA:FASDirexion Daily Financial Bull 3X Shares Stock Price, Forecast & News

$42.37
+4.13 (+10.80 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$41.64
Now: $42.37
$44.00
50-Day Range
$23.00
MA: $27.76
$38.24
52-Week Range
$14.25
Now: $42.37
$108.13
Volume9.98 million shs
Average Volume4.67 million shs
Market Capitalization$1.57 billion
P/E RatioN/A
Dividend Yield1.44%
BetaN/A
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.83 out of 5 stars


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 Index
CategorySector
FocusFinancials
Development LevelDeveloped Markets
RegionNorth America

Fund Statistics

Assets Under Management$1.41 billion
Average Daily Volume$6.64 million
Discount/Premium0.09%

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

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Geographic Exposure of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)
Currency Exposure of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)
Sector Exposure of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)
Industry Exposure of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Frequently Asked Questions

How has Direxion Daily Financial Bull 3X Shares' stock been impacted by COVID-19 (Coronavirus)?

Direxion Daily Financial Bull 3X Shares' stock was trading at $43.84 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, FAS stock has decreased by 3.4% and is now trading at $42.37. View which stocks have been most impacted by Coronavirus.

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 Monday, December 23rd. Shareholders of record on Tuesday, December 24th will be given a dividend of $0.106 per share on Tuesday, December 31st. This represents a $0.42 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Monday, December 23rd. View Direxion Daily Financial Bull 3X Shares' dividend history.

Has Direxion Daily Financial Bull 3X Shares been receiving favorable news coverage?

Media headlines about FAS stock have been trending somewhat positive recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Direxion Daily Financial Bull 3X Shares earned a daily sentiment score of 0.7 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near term. View the latest news aboutDirexion Daily Financial Bull 3X Shares.

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), Netflix (NFLX), SPDR S&P 500 ETF Trust (SPY), Tesla (TSLA), Boeing (BA), Alibaba Group (BABA), NVIDIA (NVDA), ProShares UltraPro QQQ (TQQQ), SPDR Gold Shares (GLD) and Invesco QQQ Trust (QQQ).

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."

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

Direxion Daily Financial Bull 3X Shares' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Simplex Trading LLC (0.30%), Aurora Private Wealth Inc. (0.18%), Hellman Jordan Management Co. Inc. MA (0.13%), Tower Research Capital LLC TRC (0.09%), UBS Group AG (0.05%) and Coastal Investment Advisors Inc. (0.05%). View institutional ownership trends for Direxion Daily Financial Bull 3X Shares.

Which institutional investors are selling Direxion Daily Financial Bull 3X Shares stock?

FAS stock was sold by a variety of institutional investors in the last quarter, including Tower Research Capital LLC TRC , Coastal Investment Advisors Inc., and Envestnet Asset Management Inc.. View insider buying and selling activity for Direxion Daily Financial Bull 3X Shares.

Which institutional investors are buying Direxion Daily Financial Bull 3X Shares stock?

FAS stock was purchased by a variety of institutional investors in the last quarter, including Simplex Trading LLC, Aurora Private Wealth Inc., Hellman Jordan Management Co. Inc. MA, UBS Group AG, Miracle Mile Advisors LLC, SP Asset Management, Lindbrook Capital LLC, and Paloma Partners Management Co. View insider buying and selling activity for Direxion Daily Financial Bull 3X Shares.

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, Robinhood, 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 $42.37.

How big of a company is Direxion Daily Financial Bull 3X Shares?

Direxion Daily Financial Bull 3X Shares has a market capitalization of $1.57 billion.

What is Direxion Daily Financial Bull 3X Shares' official website?

The official website for Direxion Daily Financial Bull 3X Shares is www.direxionshares.com.

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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