FAS - Direxion Daily Financial Bull 3X Shares

NYSEArca - Nasdaq Real Time Price. Currency in USD
34.03
+0.60 (+1.81%)
As of 2:51PM EDT. Market open.
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Previous Close33.43
Open34.27
Bid33.85 x 1800
Ask33.88 x 1300
Day's Range33.81 - 34.82
52 Week Range14.25 - 108.13
Volume3,683,452
Avg. Volume6,898,480
Net Assets1.06B
NAV33.42
PE Ratio (TTM)N/A
Yield1.88%
YTD Daily Total Return-64.51%
Beta (5Y Monthly)3.23
Expense Ratio (net)0.99%
Inception Date2008-11-06
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    As with most sectors, 2019 saw the financial sector manage strong gains amid the U.S.-China trade war, but with a murky outlook to start 2020, it could mean looking into niche areas for investors. ETF investors, in particular, they can look to financial technology (fintech) funds that can capitalize on innovation in the sector. “Last year saw the sector pushed and pulled by factors including three Federal Reserve rate cuts, waffling on the U.S.-China trade deal and weak but eventually improving economic data from some of the world's largest economies,” wrote Maya Sasson in Kiplinger.

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  • ETF Trends

    “FAS” ETF Jumps on Big Banks’ Earnings Beat

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    The UK’s Financial Sector Leads the Way in AI Use

    When it comes to the United Kingdom, the financial sector leads the way when it comes to using artificial intelligence (AI), according to new research from Microsoft. For traders looking to leverage up in the financial sector, this could be a trading opportunity for  Direxion Daily Financial Bull 3X ETF (FAS)  and  Direxion Daily Financial Bear 3X ETF (FAZ)  , depending on where their intuitions are. Microsoft’s report showed that nearly three-quarters (72%) of banks, insurance firms and other financial institutions are incorporating the use of AI technology.

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    Why Financial Services ETFs Are Worth a Look For Traders

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  • Benzinga

    Figuring Out The Way To Play Financials With Leverage

    In response, the Financial Select Sector SPDR (NYSE: XLF), the largest ETF dedicated to the sector, finished August lower by about 5%. It's possible that the time to consider the Direxion Daily Financial Bull 3X Shares (NYSE: FAS) or the Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) is drawing near.

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    As big banks continue to report their second-quarter earnings this week, some are already expressing concern with respect to the possibility of rate cuts by the Federal Reserve through 2019. In particular, profits could shrink as a result of lower interest rates, which could put the Direxion Daily Financial Bear 3X ETF (FAZ)  in play. FAZ seeks daily investment results that equate to 300% of the inverse (or opposite) of the daily performance of the Russell 1000® Financial Services Index.

  • Benzinga

    Apparently, Some Traders Are Nervous About Bank Earnings

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  • ETF Trends

    Fed Gives Banks Green Light for More Payouts to Investors

    The Federal Reserve gave banks the green light to offer more payouts to investors after 18 of the largest financial firms passed the second round of stress tests designed to assess the health of the financial system. For financial sector bulls, this could boost the Direxion Daily Financial Bull 3X ETF (FAS) . FAS seeks daily investment results worth 300 percent of the daily performance of the Russell 1000 Financial Services Index.