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NYSEARCA:FAS

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

$54.45
+2.60 (+5.01%)
(As of 03/27/2023 09:09 AM ET)
Add
Compare
Today's Range
$54.45
▼
$54.45
50-Day Range
$51.53
▼
$91.44
52-Week Range
$48.86
▼
$132.47
Volume
159,814 shs
Average Volume
1.71 million shs
Market Capitalization
$1.56 billion
Assets Under Management
$1.52 billion
Dividend Yield
1.54%
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.

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FAS ETF News Headlines

March 24, 2023 | msn.com
Direxion Daily 7-10 Year Treasury Bull 3X Shares declares quarterly distribution of $0.0785
March 17, 2023 | americanbankingnews.com
Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Shares Down 8.8%
March 27, 2023 | Investor Place Media (Ad)
The "King Of Quants" sees 10X potential...
Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...
January 13, 2023 | benzinga.com
Direxion Daily S&P Biotech Bull 3X Shares (ARCA:LABU), Quotes and News Summary
January 10, 2023 | benzinga.com
Direxion Financial Bull 3X Shares (ARCA:FAS), Quotes and News Summary
December 21, 2022 | msn.com
Direxion Daily Financial Bull 3X Shares declares distribution of $0.3259
September 30, 2022 | money.usnews.com
Direxion Daily S&P Biotech Bull 3X ETF
September 21, 2022 | nasdaq.com
First Week of FAS November 18th Options Trading
March 27, 2023 | Investor Place Media (Ad)
The "King Of Quants" sees 10X potential...
Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...
June 22, 2022 | seekingalpha.com
Direxion Daily Financial Bull 3X Shares declares distribution of $0.1217
See More Headlines
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Fund Details

Issuer
Direxion
Fund Name
Direxion Daily Financial Bull 3X Shares
Tax Classification
Regulated Investment Company
Stock Exchange
NYSEARCA
Current Symbol
NYSEARCA:FAS
Inception Date
11/6/2008
Fund Manager
Paul Brigandi, Tony Ng
Web
www.direxionshares.com
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
98

Fund Statistics

Assets Under Management
$1.52 billion
Average Daily Volume
$1.19 million
Discount/Premium
37.16%
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
18,977
Put Options
8,689
Call Options
10,288
Short Interest
819,700 shs

Miscellaneous

Outstanding Shares
28,600,000
Beta
3.16
Creation Unit
50,000
Creation Fee
$625.00

Direxion Daily Financial Bull 3X Shares Expenses

TypeFASFinancials ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.75%0.49%0.51%0.49%0.49%
Other Expenses0.17%1.52%0.52%0.59%0.55%
Total Expense0.92%1.13%0.68%0.71%0.68%
Fee Waiver0.00%-0.45%-0.54%-0.64%-0.58%
Net Expense0.92%1.05%0.58%0.56%0.56%

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

Top 10 FAS Holdings

  • Financial Select Sector Index SWAP
    Holding Weight: 50.90%
  • Financial Select Sector Index SWAP
    Holding Weight: 41.89%
  • FINANCIAL SELECT SECTOR INDEX SWAP
    Holding Weight: 41.04%
  • FINANCIAL SELECT SECTOR INDEX SWAP
    Holding Weight: 34.90%
  • Financial Select Sector Index SWAP
    Holding Weight: 22.58%
  • FINANCIAL SELECT SECTOR INDEX SWAP
    Holding Weight: 20.26%
  • FINANCIAL SELECT SECTOR INDEX SWAP
    Holding Weight: 18.99%
  • DREYFUS GOVT CASH MGMT
    Holding Weight: 11.79%
  • DREYFUS GOVT CASH MGMT
    Holding Weight: 11.26%
  • Berkshire Hathaway(NYSE:BRK.B)
    Holding Weight: 9.60%

FAS Sector Exposure

FAS Industry Exposure

Full Holdings Details













FAS ETF - Frequently Asked Questions

How have FAS shares performed in 2023?

Direxion Daily Financial Bull 3X Shares' stock was trading at $73.55 at the start of the year. Since then, FAS shares have decreased by 29.5% and is now trading at $51.85.
View the best growth stocks for 2023 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 $1.52 billion assets under management.

What stocks does Direxion Daily Financial Bull 3X Shares hold?

FAS invests in 98 holdings. Some of the stocks in their portfolio include Berkshire Hathaway (BRK.B), JPMorgan Chase & Co. (JPM), Visa (V), Mastercard (MA), Bank of America (BAC), Wells Fargo & Company (WFC), Morgan Stanley (MS), S&P Global (SPGI), The Goldman Sachs Group (GS) and BlackRock (BLK).

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).

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 Susquehanna International Group LLP (0.00%), Hodges Capital Management Inc. (0.26%), HRT Financial LP (0.21%), Credit Suisse AG (0.16%), Del Sette Capital Management LLC (0.11%) and Virtu Financial LLC (0.10%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Direxion Daily Financial Bull 3X Shares' stock price today?

One share of FAS stock can currently be purchased for approximately $51.85.

How much money does Direxion Daily Financial Bull 3X Shares make?

Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) has a market capitalization of $1.48 billion.

This page (NYSEARCA:FAS) was last updated on 3/27/2023 by MarketBeat.com Staff