How much is a share of FAS stock worth?
One share of FAS stock can currently be purchased for approximately $128.70. How much money does Direxion Daily Financial Bull 3X Shares make? Direxion Daily Financial Bull 3X Shares has a market capitalization of $3.50 billion.
What is the FAS index?
FAS provides 3x leveraged exposure to a market-cap-weighted index of US large-cap financial companies. FAS provides 3x leveraged exposure to the Russell 100 Financial Services Index—a subset consisting of large-cap financial companies from the Russell 1000 Index.
What's the difference between FAS and FAZ?
The bullish FAS seeks returns corresponding with triple the daily performance of the Russell 1000 Financial Services Index while the bearish FAZ looks to deliver triple the daily inverse returns of that benchmark. Why It's Important Banks were the first deliverers of fourth-quarter earnings news, which triggered upside for FAZ and weakness in FAS.
Is FAS a buy-and-hold ETF?
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.
What is the ETF FAS?
About FAS ETF The FAS Exchange Traded Fund (ETF) is provided by Direxion. This ETF provides leveraged exposure (3x) to Large and Mid-Cap US Financial Services Equities. It is built to track an index: Russell 1000 Financial Services Index Total Return - USD.
What stocks are in FAS ETF?
Top 10 HoldingsCompanySymbolTotal Net AssetsFinancial Square Treasury Instruments Fund FST SharesFTIXX10.94%Berkshire Hathaway Inc. Cl BBRK.B8.20%JPMorgan Chase & Co.JPM5.32%Bank of America Corp.BAC4.18%6 more rows
Is FAS ETF a buy?
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.
What is FAS and FAZ?
The Direxion Daily Financial Bull (FAS) and Bear (FAZ) 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index.
What FAS are holdings?
Top 10 Holdings (69.91% of Total Assets)NameSymbol% AssetsJPMorgan Chase & CoJPM7.92%Bank of America CorpBAC5.26%Wells Fargo & CoWFC3.17%Citigroup IncC2.48%6 more rows
Why 3x ETFs are wealth destroyers?
Triple-leveraged (3x) exchange-traded funds (ETFs) come with considerable risk and are not appropriate for long-term investing. Compounding can cause large losses for 3x ETFs during volatile markets, such as U.S. stocks in the first half of 2020.
What banks are in Dpst?
Top 10 HoldingsCompanySymbolTotal Net AssetsM&T Bank Corp.MTB1.31%Popular Inc.BPOP1.30%Cullen/Frost Bankers Inc.CFR1.29%Wintrust Financial Corp.WTFC1.28%6 more rows
What companies are in TECL?
Top 10 HoldingsCompanySymbolTotal Net AssetsApple Inc.AAPL16.54%Microsoft Corp.MSFT15.95%Financial Square Treasury Instruments Fund FST SharesFTIXX8.90%Financial Square Government Fund FST SharesFGTXX3.02%6 more rows
What companies are in Soxl?
Top 10 HoldingsCompanySymbolTotal Net AssetsNVIDIA Corp.NVDA5.76%Advanced Micro Devices Inc.AMD5.25%Intel Corp.INTC5.17%Qualcomm Inc.QCOM4.59%6 more rows
Can you lose all your money in a leveraged ETF?
No, you cannot lose more money than you invested in a leveraged ETF. This is one of the main reasons why leveraged ETFs are considered less risky than traditional leveraged trading, such as buying on margin or short-selling stocks.
Can you lose money on leveraged ETF?
Leveraged ETFs amplify daily returns and can help traders generate outsized returns and hedge against potential losses. A leveraged ETF's amplified daily returns can trigger steep losses in short periods of time, and a leveraged ETF can lose most or all of its value.
How long can you hold a 3X ETF?
A trader can hold the majority of these ETFs including TQQQ, FAS, TNA, SPXL, ERX, SOXL, TECL, USLV, EDC, and YINN for 150-250 days before suffering a 5% underperformance although a few, like NUGT, JNUG, UGAZ, UWT, and LABU are more volatile and suffer a 5% underperformance in less than 130 days and, in the case of JNUG ...
How has Direxion Daily Financial Bull 3X Shares' stock performed in 2022?
Direxion Daily Financial Bull 3X Shares' stock was trading at $130.73 at the start of the year. Since then, FAS shares have decreased by 46.0% and...
Is Direxion Daily Financial Bull 3X Shares a good dividend stock?
Direxion Daily Financial Bull 3X Shares(NYSEARCA:FAS) pays an annual dividend of $0.65 per share and currently has a dividend yield of 0.77%. View...
Who are some of Direxion Daily Financial Bull 3X Shares' key competitors?
Some companies that are related to Direxion Daily Financial Bull 3X Shares include iShares Biotechnology ETF (IBB) , SPDR Nuveen Barclays Short T...
What other stocks do shareholders of Direxion Daily Financial Bull 3X Shares own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Direxion Daily Financial Bull 3X Shares investors own inclu...
What is Direxion Daily Financial Bull 3X Shares' stock symbol?
Direxion Daily Financial Bull 3X Shares trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "FAS."
Who are Direxion Daily Financial Bull 3X Shares' major shareholders?
Direxion Daily Financial Bull 3X Shares' stock is owned by a variety of retail and institutional investors. Top institutional investors include Jan...
Which institutional investors are selling Direxion Daily Financial Bull 3X Shares stock?
FAS stock was sold by a variety of institutional investors in the last quarter, including Cutler Group LP, Jane Street Group LLC, Simplex Trading L...
Which institutional investors are buying Direxion Daily Financial Bull 3X Shares stock?
FAS stock was bought by a variety of institutional investors in the last quarter, including IMC Chicago LLC, UBS Group AG, United Capital Financial...
How do I buy shares of Direxion Daily Financial Bull 3X Shares?
Shares of FAS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull...
Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development.
Support, Risk & Stop-loss
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
Is Direxion Daily Financial Bull 3X ETF ETF A Buy?
The Direxion Daily Financial Bull 3X ETF holds several negative signals and despite the positive trend, we believe Direxion Daily Financial Bull 3X will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
About Direxion Daily Financial Bull 3X ETF
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Russell 1000® Financial Services Index.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
Recently Viewed Tickers
Visit a quote page and your recently viewed tickers will be displayed here.
Investment Policy
The Fund seeks daily investment results of 300% of the performance of the Russell 1000 Financial Services Index. The Fund invests at least 80% of its net assets in financial instruments of the index and other financial instruments that provide daily leveraged exposure to the Index or to ETFs that track the Index.
What Is FAS 123R?
FAS 123R is the 2006 financial accounting standard introduced by the Financial Accounting Standards Board (FASB) that requires companies to deduct the amount of share-based (equity) payment granted to their employees on an annual basis. 1
How FAS 123R Works
Many employees receive equity compensation as a supplement to their salaries. Traditionally, this compensation comes in the form of stock option grants, which can be exchanged for shares of the company's stock.
Special Considerations
In the face of FAS 123R, equity compensation has changed—options are no longer the preferred means of rewarding executives, and new ways to reward good corporate performance have emerged. Some of these, such as reload options, have been dug up from the 1990s—the heyday of bull market fever and ESO granting.
Advantages and Disadvantages of FAS 123R
Opponents of employee stock option (ESO) expensing say that option grants help companies attract and motivate key employees and that they align shareholder interests (such as increasing the stock price) with the interests of grantees (i.e. increasing the option value).
Example of FAS 123R
Why should this matter to you as an investor? Well, if you have a lot of money tied up in stocks, FAS 123R has the potential to take a substantial bite out of your portfolio's value.