FAS
Direxion Daily Financial Bull 3X Shares

Price: $86.17
Change: $0.92 (0.01%)
Category: Leveraged Equities
Last Updated:

Vitals

Brand Direxion
Structure ETF
Expense Ratio 0.92%
ETF Home Page Home page
Inception Nov 06, 2008

Analyst Report

This ETF offers 3x daily long leverage to the Russell 1000 Financial Services Index, making it a powerful tool for investors with a bullish short-term outlook for the broad financial market. Investors should note that FAS’s leverage resets on a daily basis, which results in compounding of returns when held for multiple periods. FAS can be a powerful tool for sophisticated investors who are bullish on the financial industry, but should be avoided by those with a low risk tolerance.

ETF Database Themes

Leveraged 3x
Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Blend
Sector (General) Financials
Sector (Specific) Financial Services
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Leveraged Equity: U.S. Financials
Category Sector
Focus Financials
Niche Broad-based
Strategy Vanilla
Weighting Scheme Market Cap

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $49.62
  • 52 Week Hi $155.04
  • AUM $2,156.9 M
  • Shares 25.3 M

Historical Trading Data

  • 1 Month Avg. Volume 1,312,787
  • 3 Month Avg. Volume 1,628,124

Alternative ETFs in the ETF Database Leveraged Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPUU 0.63% $53.4 M 59,879 -32.17%
Largest (AUM) TQQQ 0.95% $12.0 B 227 M -72.67%
Most Liquid (Volume) TQQQ 0.95% $12.0 B 227 M -72.67%
Top YTD Performer NRGU 0.95% $2.4 B 177,141 287.36%

Alternative ETFs in the FactSet Leveraged Equity: U.S. Financials Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest UYG 0.95% $603.5 M 34,982 -25.69%
Largest (AUM) UYG 0.95% $603.5 M 34,982 -25.69%
Most Liquid (Volume) BNKU 0.95% $77.7 M 63,515 -42.38%
Top YTD Performer UYG 0.95% $603.5 M 34,982 -25.69%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

FAS ETF Database Category Average FactSet Segment Average
Number of Holdings 70 90 102
% of Assets in Top 10 56.47% 66.61% 66.16%
% of Assets in Top 15 66.20% 70.63% 71.56%
% of Assets in Top 50 94.98% 80.40% 88.24%

Size Comparison

FAS ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A 1.77% N/A
Mid (>2.7B) N/A 0.03% N/A
Small (>600M) N/A 0.00% N/A
Micro (<600M) N/A 0.00% N/A

FAS Valuation

This section compares the P/E ratio of this ETF to its peers.

FAS
P/E Ratio
12.67
ETF Database Category Average
P/E Ratio
6.02
FactSet Segment Average
P/E Ratio
9.23

FAS Dividend

This section compares the dividend yield of this ETF to its peers.

FAS ETF Database Category Average FactSet Segment Average
Dividend $ 0.15 $ 0.06 $ 0.06
Dividend Date 2021-09-21 N/A N/A
Annual Dividend Rate $ 0.50 $ 0.15 $ 0.22
Annual Dividend Yield 0.35% 0.22% 0.19%

FAS Price and Volume Charts

View charts featuring FAS price and volume data.

FAS Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 16.02 M 1 Month Net Flows: -96.27 M 3 Month Net Flows: 8.04 M 6 Month Net Flows: -153.51 M 1 Year Net Flows: -126.39 M 3 Year Net Flows: -684.95 M 5 Year Net Flows: -1.44 B 10 Year Net Flows: -3.48 B

FAS Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.