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
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.
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.
The data and information contained herein is not intended to be investment or tax advice. A reference to a particular investment or security, a credit rating, or any observation concerning a security or investment provided in the ETF.com Service is not a recommendation to buy, sell, or hold such investment or security or to make any other investment decisions. You should not use such information for purposes of any actual transaction without consulting an investment or tax professional.
ETF.com DOES NOT TAKE RESPONSIBILITY FOR YOUR INVESTMENT OR OTHER ACTIONS NOR SHALL ETF.com HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE, FOR THE ACCURACY, COMPLETENESS, TIMELINESS, OR CORRECT SEQUENCING OF ANY INFORMATION PROVIDED BY ETF.com OR FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON SUCH INFORMATION OR ETF.com.
[ETF.com DOES NOT PROVIDE ANY RESEARCH OPINIONS.] ETF.com MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, PRODUCTS OR SERVICES CONTAINED HEREIN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
Data provider:
Terms of Use