Direxion Daily Financial Bull 3X ETF
FAS
New York Stock Exchange Arca- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Direxion Daily Financial Bull 3X Shares (FAS) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 300% of the performance of the Financial Select Sector Index. The fund, issued by Direxion Shares ETF Trust and advised by Rafferty Asset Management, LLC, primarily invests at least 80% of its net assets in financial instruments such as swap agreements, futures contracts, securities of the index, and exchange-traded funds that provide 3X leveraged exposure to the index; it also employs other derivatives including equity caps, collars, floors, forward contracts, short positions, and reverse repurchase agreements. Top holdings in the underlying index include Berkshire Hathaway Class B, JPMorgan Chase, Visa, Mastercard, Bank of America, Wells Fargo, Goldman Sachs, American Express, Morgan Stanley, and S&P Global, spanning sectors like financial services, banks, capital markets, insurance, and consumer finance. Launched on November 6, 2008, and listed on NYSE Arca, the fund targets sophisticated investors seeking amplified short-term exposure to the U.S. financial sector, with assets under management of approximately $2.63 billion as of recent data and a net expense ratio of 0.89% through September 1, 2026, pursuant to an operating expense limitation agreement. Direxion Shares ETF Trust, part of Direxion founded in 1997 and headquartered in New York, NY, with additional offices in Boston, Alexandria, and Hong Kong, operates globally but focuses on U.S. markets; Rafferty Asset Management, LLC serves as the primary advisor from its New York base. In recent developments, Direxion introduced its ETF SMS Alert service on January 23, 2024, enabling investors to receive automated text notifications for significant price movements and volume spikes in funds including FAS; the firm also announced quarterly distributions for FAS in 2025, including $0.49500 income dividend paid July 1, 2025, and continues expanding its leveraged ETF lineup with new single-stock products such as those targeting Ford, Cisco, Qualcomm, Boeing, Exxon Mobil, Eli Lilly, Palo Alto Networks, AMD, Berkshire Hathaway, and Palantir through mid-2025.