The Direxion Daily 3X Financial Bull ETF (NYSE:FAS) In Focus
The Direxion Daily Financial Bull 3X Shares (NYSE:FAS) enjoyed gains in excess of 15% today, as Wall Street rocketed higher after investors were reassured by a nearly $1 trillion plan to avoid a European debt crisis.
With increased reader demand for information on the Direxion Daily Financial Bull 3X Shares (NYSE:FAS) we have compiled a list highlighting our most popular stories related to the FAS ETF below.
You can also check out our Direxion Daily Financial Bull 3X Shares (NYSE:FAS) Category: HERE
The Euro’s Demise Has Been Set in Motion: Are you protected?
"Nationalism will emerge. Healthier countries will not see fit to spend their hard earned money to bail out their less responsible neighbors."
CLICK HERE to get your Free E-Book, “Why It’s Curtains for the Euro”
Direxion Daily Financial Bull 3X Shares (NYSE: FAS)
Fund Objective
The Financial Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the price performance of the Russell 1000® Financial Services Index (“Financial Index”). There is no guarantee the fund will meet its stated investment objective.
Target Index
The Russell 1000® Financial Services Index is a capitalization-weighted index of companies that provide financial services. As of April 30, 2008, the Index had 227 components, derived from the Russell 1000 Index with an average market capitalization of over $11 billion dollars and a median market capitalization of $4.4 billion dollars. One cannot directly invest in an Index.
Index Sector Weightings
| Banks: Diversified | 24.49% |
| Diversified Financial Services | 23.84% |
| Real Estate Invt. Trusts (REITS) | 11.59% |
| Financial Data & Systems | 9.67% |
| Insurance: Property-Casualty | 8.00% |
| Asset Mgmt. & Custodian | 6.02% |
| Insurance: Multi-Line | 5.68% |
| Insurance: Life | 4.30% |
| Securities Brokerage & Svcs | 3.95% |
| Banks: Svgs/Thrifts & Mort Lend | 1.46% |
| Real Estate | 0.57% |
| Consumer Lending | 0.42% |
Data as of 12/31/2009 is subject to change at any time.
Thursday, May 6th ETF Movers: JOX, FAZ, DPK, DRV, VXX, BVL, UXJ, FAS, TAN, PFF, HAO
May 6th, 2010
In trading on Thursday, the UltraShort MSCI Pacific ex-Jpn ProShares (JPX) outperformed other ETFs, up about 12.6% on the day. Also showing good gains on such a strange day are the Direxion Daily Financial Bear 3X Shares (FAZ) which was up Read more…
A Forward Split On Five Of Direxion’s 3X ETFs Goes Into Effect (EDC, DRN, TYH, FAS, MWJ)
May 5th, 2010
As we stated previously – Direxion, had announced a forward split of the shares on five of its existing ETFs. Direxion conducted a 4-for-1 split of Daily Emerging Markets Bull 3x Shares Read more…
New Margin Rule Plays A Role In The Popular Direxion Financial ETFs (FAZ, FAS)
“Leveraged ETFs have found themselves in the regulatory spotlight repeatedly over the last year. Several investors who failed to understand the math behind leveraged ETFs have filed lawsuits Read more…
This ETF Could Quadruple At The Cost Of Goldman, Citigroup, And Other Financial Institutions
“Last week, I said that despite accusations of fraud against Goldman Sachs (NYSE: GS), I suspected it would “still land on its feet like a cat.” Even the grilling it got at the hands of self-serving Read more…
Options Activity Heats Up In The Direxion 3X Financial Bear ETF (NYSE:FAZ)
“(NYSE: FAZ) options saw interesting call activity today. A total of 4,573 put and 24,055 call contracts were traded raising a low Put/Call volume alert. Today’s traded Put/Call ratio is 0.19 Read more…
Direxion Shares Announces Forward Share Split of Five ETFs (EDC), (DRN), (TYH), (FAS) And (MWJ)
Direxion, a pioneer in providing alternative and tactically-oriented investment strategies to sophisticated investors, announced today a forward split of the shares on five of its existing ETFs. Direxion will conduct a 4-for-1 split of Read more…
TradingMarkets launches Leveraged ETF PowerRatings
TradingMarkets has launched Leveraged ETF PowerRatings, a system that rates leveraged exchange-traded funds on the likelihood of their value making a Read more…
A Key Technical Event May Be Close To Occurring In Financial ETFs
“There is a key technical event that may be close to occurring in some of the major banking and financial stocks. These have all used the 50-day moving average as a key pivot Read more…
Cramer Chimes In On The Most Dangerous ETF List
The bottom line here is that there are a lot of bad ETFs out there – “toxic financial products that could blow up in your face,” Cramer says – the worst of them, in his opinion: the Direxion Daily Read more…
Will Direxion’s Mutual Fund Changes Cast A Shadow On It’s ETF Business (FAS, FAZ)
“Direxion, creator of the enormously popular Daily Financial Bull 3X (FAS) and Daily Financial Bear 3X (FAZ), is making changes to its mutual funds that may cast Read more…
Financial ETF’s Continue To Surge Despite More Bank Failures
“In the past week, two prominent analysts have said they expect hundreds more small bank failures in the second half of this year. At the same time, the Financial Select Sector SPDR ETF, a fund that tracks top U.S. banking institutions Read more…
Information On Leveraged ETFs, Specifically The Financial Bull And Bear FAS, FAZ
CNBC’s “Squawk On The Street”produced a segment this morning on the most searched ETFs on the market. With the recent warnings from FINRA and the SEC, they decided to dive into the Direxion financial bull and bear ETFs (FAS) and Read more…
Leveraged ETF’s Have Become A Day Traders Dream Come True (FAS, FAZ)
With all the criticism about leveraged ETF’s, not much has been said about how much of a great investment tool they are. Many day traders have relied on margin for decades Read more…
Largest Gold ETF Investor Dips Into Bank Of America In A Big Way (FAS, UYG, XLF, GLD)
Paulson & Co., the hedge fund run by billionaire John Paulson, has bought 168 million shares of Bank of America (BAC), becoming the bank’s fourth largest shareholder. That’s a $2.7 billion stake Read more…
ETF Billion Dollar Club – August 2009
Ron Rowland from Invest With An Edge reports his monthly ETF club results. The size of the ETF Billion Dollar Club dropped to only 11 members, a -26% plunge from last month’s roster of 15. Back after a short one-month absence is Direxion Daily Financial Bear 3x Shares (FAZ) Read more…
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