FAS
Direxion Daily Financial Bull 3x SharesFAS Fund Description
FAS provides 3x leveraged exposure to a market-cap-weighted index of US large-cap financial companies.
FAS Factset Analytics Insight
FAS provides 3x leveraged exposure to the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index—a subset from the Russell 1000 Index consisting of large-cap financial companies, where weights greater than 4.5% in aggregate are no more than 22.5% of the index, and no individual company in the index has a weight greater than 15% of the index. FAS charges a fee for such exposure, however, the product isn’t designed for long-term investors. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index. As a levered product, FAS is not a buy-and-hold ETF, it's a short-term tactical instrument. The fund rebalances daily. Over longer periods, returns can vary significantly from 3x exposure to its underlying index. Prior to February 28, 2022, the fund tracked the Russell 1000 Financials Services Index.
FAS Summary Data
FAS Portfolio Data
FAS Index Data
FAS Fund Structure
FAS Tax Exposures
FAS Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FAS. FAS is rated a 5 out of 5.
FAS Tradability
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