NYSEARCA:FAS - Direxion Daily Financial Bull 3X Shares Stock Price, Price Target & More

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$66.07 -0.50 (-0.75 %)
(As of 06/22/2018 04:00 PM ET)
Previous Close$66.57
Today's Range$66.00 - $67.59
52-Week Range$46.48 - $82.80
Volume787,472 shs
Average Volume2.00 million shs
Market Capitalization$2.06 billion
P/E RatioN/A
Dividend Yield0.55%
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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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$1.93 billion
Average Daily Volume$2.40 million
Discount/Premium-1.64%

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

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

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 Wednesday, June 20th. Stockholders of record on Wednesday, June 20th will be given a dividend of $0.163 per share on Tuesday, June 26th. This represents a $0.65 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Tuesday, June 19th. This is a boost from Direxion Daily Financial Bull 3X Shares's previous quarterly dividend of $0.13. View Direxion Daily Financial Bull 3X Shares' Dividend History.

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

News coverage about FAS stock has trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Direxion Daily Financial Bull 3X Shares earned a media sentiment score of 0.14 on Accern's scale. They also gave media headlines about the real estate investment trust an impact score of 45.71 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

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

Direxion Daily Financial Bull 3X Shares' stock is owned by a number of of retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.18%), Mark Sheptoff Financial Planning LLC (0.17%), Hellman Jordan Management Co. Inc. MA (0.09%), Blue Chip Wealth Management Inc. (0.06%), Northern Trust Corp (0.04%) and Cypress Capital Management LLC WY (0.01%). 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 Envestnet Asset Management Inc., Cypress Capital Management LLC WY and Mark Sheptoff Financial Planning LLC. View Insider Buying and Selling for Direxion Daily Financial Bull 3X Shares.

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

FAS stock was acquired by a variety of institutional investors in the last quarter, including Hellman Jordan Management Co. Inc. MA, Blue Chip Wealth Management Inc., Northern Trust Corp and UBS Group AG. View Insider Buying and Selling 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, 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 $66.07.

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

Direxion Daily Financial Bull 3X Shares has a market capitalization of $2.06 billion.


MarketBeat Community Rating for Direxion Daily Financial Bull 3X Shares (FAS)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  58 (Vote Outperform)
Underperform Votes:  72 (Vote Underperform)
Total Votes:  130
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.
This page was last updated on 6/22/2018 by MarketBeat.com Staff

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