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

ETF Overview

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.

Key Stats

• Today's Range: $168.01 to $170.00
• 50-Day Range: $146.59 to $176.64
• 52-Week Range: $92.66 to $189.23
• Volume: 413,626 shs
• Average Volume: 710,220 shs
• Market Capitalization: $2.64 billion
• Assets Under Management: $2.64 billion
• Dividend Yield: 0.86%
• Net Expense Ratio: 0.89%
• Aggregate Rating: Moderate Buy

FAS ETF - Frequently Asked Questions

How have FAS shares performed this year?

Direxion Daily Financial Bull 3X Shares' stock was trading at $150.98 at the beginning of the year. Since then, FAS shares have increased by 11.9% and is now trading at $168.88.

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

Top institutional investors of Direxion Daily Financial Bull 3X Shares include Capital Investment Advisors LLC (0.12%), Janney Montgomery Scott LLC (0.03%) and Toth Financial Advisory Corp (0.02%).
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.

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 Meta Platforms (META), Tesla (TSLA), NVIDIA (NVDA), Advanced Micro Devices (AMD), Netflix (NFLX), JPMorgan Chase & Co. (JPM) and SPDR S&P 500 ETF Trust (SPY).

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: Financial Select Sector Index
• Category: Sector
• Focus: Financials
• Development Level: Developed Markets
• Region: North America
• Number of Holdings: 104

Fund Statistics

• Assets Under Management: $2.64 billion
• Average Daily Volume: $677.99 thousand
• Discount/Premium: -0.13%
• 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: 4,398
• Put Options: 1,513
• Call Options: 2,885
• Short Interest: 807,500 shs

Miscellaneous

• Outstanding Shares: 15,649,000
• Beta: 3.10
• Creation Unit: 50,000
• Creation Fee: $625.00