(FAS) Direxion Daily Financial Bull 3x Shares Stock Price, Quote & News

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*Unless otherwise stated, data provided by FactSet.

FAS Fund Description

FAS provides 3x leveraged exposure to a market cap-weighted index of US large-cap financial companies.

FAS Factset Analytics Insight

FAS is an aggressive and bullish one-day bet on large-cap US financials stocks. It provides 3x leveraged exposure to a market cap-weighted index that captures the financials segment of the S&P 500 based on GICS. To gain exposure to the index, FAS invests in swap agreements, securities of the index, and ETFs that track the index. As a leveraged product, FAS is not a buy-and-hold ETF, it is a short-term tactical instrument. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index. 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. On August 1, 2022, the fund ceased tracking the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index.

PERFORMANCE [as of 09/29/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

FAS -23.86% -13.24% -57.04% -53.49% -9.56% 0.81% 20.90%

FAS (NAV) -23.83% -13.31% -57.08% -53.50% -9.61% 0.78% 20.87%

N/A -- -- -- -- -- -- --

All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FAS Summary Data

Direxion

11/06/08

Open-Ended Fund

0.92%

$1.56B

0.06%

BNKU, UYG

Fund Home Page

FAS Portfolio Data

0.86%

N/A

FAS Index Data

N/A

Market Cap

Committee

N/A

FAS Fund Structure

Yes

-- / --

N/A

Low

Leverage Reset Frequency Daily

FAS Tax Exposures

20.00% / 39.60%

FAS Factset Analytics Block Liquidity

As of 09/30/22

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

1,386,730

$96.59M

1,231,925

$98.56M

0.06%

$0.04

0.03%

0.57% / -4.32%

None

100.00%

50,000

24.64

0.01%

53,942

$56.00

Options Strategies for Outcome Investing

Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.

Collar Strategy
Protection Strategy
Covered Call Strategy
Income Strategy

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.

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FAS Direxion Daily Financial Bull 3x Shares