FAS - Direxion Daily Financial Bull 3X Shares

NYSEArca - NYSEArca Delayed Price. Currency in USD
100.81
+0.47 (+0.47%)
At close: 4:00PM EST
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Previous Close100.34
Open101.40
Bid100.50 x 800
Ask100.95 x 800
Day's Range100.41 - 102.24
52 Week Range53.41 - 102.24
Volume425,631
Avg. Volume483,098
Net Assets1.52B
NAV100.41
PE Ratio (TTM)N/A
Yield0.62%
YTD Daily Total Return5.98%
Beta (5Y Monthly)2.95
Expense Ratio (net)1.00%
Inception Date2008-11-06
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  • ETF Trends

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    Value plays like the financial sector are leading the markets to highs in the S&P 500 and Dow Jones Industrial Average. It could translate to more strength in the coming months, which can give traders the opportunity to play the long and short side of the financial sector with a pair of Direxion Investments ETFs. “As 2019 seems to be coming to an end quickly, value is outperforming growth again, and this might be sustainable into 2020,” wrote registered investment advisor David Templeton on Seeking Alpha.

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    “FAS” ETF Jumps on Big Banks’ Earnings Beat

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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

    Citigroup (NYSE: C ) got the party started on Monday while JPMorgan Chase (NYSE: JPM ), Goldman Sachs (NYSE: GS ) and others in the financial space, continued the earnings parade yesterday. In other words, ...

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    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.

  • ETF Database

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  • ETF Trends

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    Financial sector exchange-traded funds (ETFs) reacted to the mixed earnings results of Goldman Sachs and Citigroup, which reported first-quarter earnings on Monday. The  Financial Select Sector SPDR Fund (XLF)  was little changed, falling 0.52 percent while for traders, the Direxion Daily Financial Bull 3X ETF (FAS) was down 1.47 percent on the added leverage as of 11:15 a.m. ET. Goldman Sachs reported that revenue fell 13 percent to $8.81 billion, which came below analyst's $8.9 billion estimate.

  • Benzinga

    Once Again, It's Time For These Leveraged ETFs

    The group is bouncing back to start 2019, meaning the imminent earnings avalanche could test or lift financial services stocks and exchange-traded funds (ETFs). The bullish FAS attempts to deliver triple the daily returns of the Russell 1000 Financial Services Index while the bearish FAZ seeks daily returns that are triple the inverse performance of that index.

  • ETF Trends

    ETF Spotlight: Financials in Focus With FAS and FAZ

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