Direxion Daily Financial Bull 3X Sh.. (FAS)
Exchange: USA Stocks • Country: USA • Currency: USD • Type: Etf • ISIN: US25459Y6941 • Trading--Leveraged Equity
The Direxion Daily Financial Bull 3X Shares (NYSE ARCA:FAS) focuses on providing investors with 3 times the daily performance of the Russell 1000 Financial Services Index. The fund allocates at least 80% of its net assets to financial instruments, including swap agreements, securities of the index, and ETFs tracking the index, offering leveraged exposure.
The Russell 1000 Financial Services Index consists of companies spanning a range of financial sectors, such as Banks, Thrifts & Mortgage Finance, Diversified Financial Services, Consumer Finance, Capital Markets, Insurance, and Mortgage REITs. This targeted exposure allows investors to bet on the performance of these specific industries.
It's essential to note that the Direxion Daily Financial Bull 3X Shares is considered non-diversified, focusing its investments on the financial sector. For more information, investors can visit the official company website at http://www.direxionfunds.com. The fund is domiciled in the United States, providing easy access to US market opportunities for interested investors.
Drawdown (Underwater) Chart
Overall Trend and Yearly Seasonality
FAS ETF Overview
Market Cap in USD | 2,451m |
Category | Trading--Leveraged Equity |
TER | 0.94% |
IPO / Inception | 2008-11-06 |
FAS ETF Ratings
Growth 5y | 2.61 |
Fundamental | - |
Dividend | 5.65 |
Rel. Performance vs Sector | 3.26 |
Analysts | - |
Fair Price Momentum | 91.45 USD |
Fair Price DCF | - |
FAS Dividends
Yield 12m | 1.70% |
Yield on Cost 5y | 2.40% |
Dividends CAGR 5y | 20.24% |
Payout Consistency | 51.0% |
FAS Growth Ratios
Growth 12m | 87.00% |
Growth Correlation 12m | 65% |
Growth Correlation 3m | 38% |
CAGR 5y | 7.20% |
Sharpe Ratio 12m | 2.19 |
Alpha vs SP500 12m | 10.48 |
Beta vs SP500 5y weekly | 3.35 |
ValueRay RSI | 23.59 |
Volatility GJR Garch 1y | 40.19% |
Price / SMA 50 | -4% |
Price / SMA 200 | 24.82% |
Current Volume | 641.6k |
Average Volume 20d | 676.2k |
External Links for FAS ETF
Wall Street Journal • Benzinga • Yahoo Finance
Tweets
X (Twitter) • Stocktwits
Fund Manager Positions
Dataroma • Stockcircle
As of May 04, 2024, the stock is trading at USD 97.90 with a total of 641,606 shares traded.
Over the past week, the price has changed by -3.48%, over one month by -10.13%, over three months by +8.56% and over the past year by +73.46%.
According to ValueRays Forecast Model, FAS Direxion Daily Financial Bull 3X Sh.. will be worth about 108.1 in May 2025. The stock is currently trading at 97.90. This means that the stock has a potential upside of +10.41%.
Issuer | Forecast | Upside |
---|---|---|
Wallstreet Target Price | - | - |
Analysts Target Price | - | - |
ValueRay Target Price | 108.1 | 10.4 |